Houlihan-Parnes Properties arrange $4.55M in financing across NY & CT
- MAREJ
- 4 minutes ago
- 1 min read
NEW YORK, NY — Flavia Verzivolli, David Lulgjuraj and Michael Cuniberti of Houlihan-Parnes Properties have arranged 1st mortgage financing in the amount of $2.8 million and a line of credit for a six-story elevator cooperative apartment building containing 52 apartments in the Inwood section of Manhattan.
The property is located at the corner of Park Terrace West and W 215th St.
The loan was placed for a 10-year fixed term at a sub 6% interest rate.
Jeremiah Houlihan and James Coleman of Houlihan-Parnes Properties have successfully arranged the refinancing of two-story elevatored 26,000 s/f neighborhood retail center on 1111 South Main St. in Cheshire, CT. The building was built in 1985 and contains eight retail suites on the ground floor and eight offices on the second level. There is more than ample parking on-site.
Houlihan-Parnes Properties has arranged a $1.755M first mortgage loan with current market interest rate and repayment schedule for a 10-year term.
The financing was arranged in connection with the purchase of the property by an investment group based out of White Plains. The property will undergo upgrades and be repositioned to maximize the investment.