Houlihan-Parnes Realtors, LLC is pleased to announce the placement of a new first mortgage in the amount of $2,750,000 on a property located at 83 East Avenue, Norwalk, Connecticut.
Houlihan-Parnes Realtors, LLC, celebrating 125 years of continuous professional service, has arranged a 1st mortgage in the amount of $695,000. Houlihan-Parnes Realtors, LLC, celebrating 125 years of continuous professional service, has arranged the re-financing of The Ladera Shopping Center, located at 3301 Coors Boulevard NW, Albuquerque, New Mexico. Houlihan-Parnes Realtors, LLC, represented by Bryan Houlihan and Mike O’Neill, is pleased to announce the placement of a $2,000,000 first mortgage on the 5-story apartment building with two stores located at 1143 First Avenue in the exclusive Upper East Side section of Manhattan. The non-recourse loan is fixed for five years at 4.25% interest, with a 30-year amortization schedule. Houlihan-Parnes Realtors, LLC, represented by Bryan Houlihan and Mike O'Neil, is pleased to announce the placement of a $1,600,000 first mortgage on the 15,270 s.f.
Ed Graf of Houlihan-Parnes Realtors LLC, has arranged for 1st mortgage re-financing for a multi-family property, consisting of 160 apartments. Houlihan-Parnes Realtors, LLC, represented by Bryan Houlihan and Mike O’Neill, is pleased to announce the placement of a $3,500,000 first mortgage on the 10,000 s.f. The property is undergoing major renovations after being acquired earlier this year by a partnership made up of members of the Jemal family and the Houlihan family. Four new major leases have been signed with Regal Cinema, Sav-A-lot Supermarket, Crunch Fitness and Ollie’s discount store. The loan was placed with a Savings Bank at a 5-year fixed interest rate of 3.21% on a 30-year amortization schedule.
The loan was placed with a Savings Bank at a 7-year fixed interest rate of 3.5% on a 30-year amortization schedule.
The self-liquidating loan was placed with a Savings Bank at a 15-year fixed interest rate of 3.63%. The loan was placed with a Savings Bank at a 10-year fixed interest rate on a 25-year amortization schedule.
Houlihan-Parnes Realtors, LLC is pleased to announce the placement of a $1,000,000 underlying co-op first mortgage for 1506 Overing Street in the Bronx, NY. Houlihan-Parnes Realtors, LLC is pleased to announce the placement of first mortgage financing on the 5-story walk-up apartment building at 1038 Southern Boulevard in the Bronx, NY. James Houlihan of Houlihan-Parnes Realtors, LLC is pleased to announce the placement of a $5,000,000 second mortgage behind a $20,00,000 first mortgage on 1775 Grand Concourse in the Bronx, NY. The mortgage covers a commercial condominium interest in the 300,000 square foot building that shares ownership with Verizon. Mike O’Neill of Houlihan-Parnes Realtors, LLC is pleased to announce the placement of an underlying $750,000 first mortgage on the 6-story elevator co-operative apartment building at 238-40 West 106th Street in the prestigious Manhattan Valley section of New York City, NY. The property was acquired by Faust Harrison Pianos, America's largest independent retailer of fully rebuilt “vintage era” Steinway and Mason & Hamlin pianos, and a leading dealer in new Yamaha, Mason & Hamlin, Brodmann, Bechstein, and Schimmel pianos. The building is owned and managed by a prominent New York owner who represents the fourth generation of his family who is actively involved in the ownership and management of New York real estate.
Jerry Houlihan of Houlihan-Parnes Realtors LLC has arranged a $750,000 first mortgage on the mixed-use property located at 925-939 Yonkers Avenue, Yonkers, NY.
The loan is fixed for the first 5 years at 5.25% and fixes again for a second five years with a right to prepay during each 5-year period on a declining scale.
The property is located in Bay Ridge, Brooklyn, an established, highly sought-after section of the Borough of Brooklyn. Ed Graf of Houlihan-Parnes Realtors, LLC has arranged a $4,000,000 first mortgage on the Medical Arts Plaza located at 801 Encino Place NE, Albuquerque, NM. The non-recourse, par loan is fixed at 4.27% for five years with a 25-year amortization schedule.
Ed Graf of Houlihan-Parnes Realtors, LLC has arranged a $1,250,000 first mortgage on the 50-unit apartment complex at 826 Circle Drive, Sidney, New York. The 5-year loan is fixed at 3.4% interest with a 30-year amortization schedule and was done at par. Houlihan-Parnes Realtors, LLC is pleased to announce the closing of a new mortgage in the amount of $34,000,000.
Ed Graf of Houlihan-Parnes Realtors, LLC, has arranged a $3,850,000 first mortgage on the 176-unit apartment complex at 76 Shaker Heights Drive, Monticello, New York.
Ed Graf of Houlihan Parnes Realtors, LLC, has arranged a $1,600,000 first mortgage on the 70-unit apartment complex at 475 West Broadway, Monticello, New York. Jerry Houlihan of Houlihan Parnes Realtors, LLC is pleased to announce the placement of $2,900,000 in first mortgage debt on three Bronx 1-story retail properties located at 26-34 West Kingsbridge Road, 134-138 West Fordham Road and 1735-1745 University Avenue.
The 3 separate loans are fixed for 5 years at 3.75% interest with a 30-year amortization schedule. The property is located on the Southeast corner of Route 17 North and West Passaic Street in the Paramus submarket.
Jim Coleman of Houlihan-Parnes Realtors, LLC recently arranged acquisition financing of $1,500,000 for the purchase of 2075 Haviland Avenue in the Tremont section of the Bronx. The loan has a flexible 9 year term which gives the new owner’s the ability to make needed upgrades and improvements to the property with a liberal prepayment privilege. Rich Hendey of Houlihan Parnes Realtors, LLC has arranged a $1,800,000 first mortgage on the 9,000 sf retail property located at 58 Garth Road in Scarsdale, NY.
The loan was placed with a regional bank and the Borrower was represented by Elizabeth Smith of the firm Goldberg Weprin Finkel Goldstein, LLP. Rich Hendey and Steve McCulloch of Houlihan Parnes Realtors, LLC have placed a $1,000,000 loan on 123-129 Halstead Avenue located across the street from the Mamaroneck train station. Kelly Houlihan Buckley and James Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the placement of a new mini-perm first mortgage on 1775 Grand Concourse in the Bronx.
Ed Graf of Houlihan-Parnes Realtors, LLC has arranged the first mortgage, re-financing for a 3-story walk-up apartment building containing 4 residential units and 2 commercial tenants located at 505 Main Street, New Rochelle, NY. The non-recourse loan of $600,000 was placed for a term of five years, with a five year option term. The property is exceptionally well maintained and occupies a highly desirable location overlooking the Long Island Sound and Greenwich Harbor.
As per Cronin, “The loan was closed with a bank that was sensitive to the financing needs of the co-op board and saw to it that the loan process was straightforward and seamless. Houlihan-Parnes Realtors, represented by Andy Greenspan and James J Houlihan, placed new ten-year financing on two 40,000 sf buildings on 30 and 40 Ramland Road in Orangeburg, New York.
The par, non-recourse loan, in the amount of $16,700,000, is fixed at 3.61% for 5 years with a 30 year amortization schedule. Ed Graf of Houlihan Parnes Realtors, LLC has arranged a $7,850,000 first mortgage on the newly-constructed 30-unit apartment building located at 68 Lake Street, White Plains, N.Y.
The interest rate on the loan is fixed at 3.75% for the entire 7-year term with a 30-year amortization schedule. Steve McCulloch of Houlihan Parnes Realtors recently arranged permanent financing for a 25,000 square foot retail center in Norwalk, CT.
Houlihan-Parnes, Realtors, LLC is pleased to announce the closing of two new first mortgages in the amount of $15,000,000 and $21,000,000. Houlihan-Parnes Realtors, LLC, represented by Jerry Houlihan is pleased to announce the acquisition financing of 2285 Andrews Ave North in the Bronx, NY located on the west side of the street between West Fordham Road and West 183rd Street.
Houlihan arranged a loan equal to 75% of the sales price with a fixed interest rate of 3.75% for a 7-year period on a 30-yr. The property is owned and managed by a Midwest-based real estate family with an extensive portfolio of credit and non-credit single tenant properties. Houlihan-Parnes Realtors, LLC, represented by Mike O’Neill, is pleased to announce the financing of a $3,213,000 first mortgage on the 8,600 s.f. Houlihan-Parnes Realtors, LLC and Q10 New York Realty Advisors, LLC are pleased to announce the placement of an investment-grade $45,000,000 first mortgage on the Five Towns Shopping Center located at 253-01 Rockaway Boulevard, Woodmere, New York.
The properties are owned, managed and leased by a prominent Philadelphia area family who has been in the real estate business for several decades and has amassed a substantial real estate portfolio over that period. Jeanne Cronin of Q10NY together with Larry Linksman of Bridge Funding originated and placed the loan.
Houlihan-Parnes Realtors, LLC and Q10 Realty Advisors, LLC are pleased to announce the placement of a new first mortgage in the amount of $2,350,000 on a property located at 83 East Avenue, Norwalk, Connecticut.
Jerry Houlihan of Houlihan-Parnes Realtors, LLC is pleased to announce the placement of a $1,350,000 underlying first mortgage on a 7-story cooperative apartment building constructed in 1962, containing two self-service elevators, 99 apartments, many with terraces, gardens and marble lobby.
The 10-year, par loan has a fixed interest rate of 3.875% on a 30-year amortization schedule. Houlihan-Parnes Realtors, LLC and Q10 Realty Advisors, LLC are pleased to announce the placement of a new first mortgage in the amount of $6,000,000 on a property located at 170 Hamilton Avenue, White Plains, New York.
Route 117 is a major north-south thoroughfare in central Westchester which is improved with a strong mix of commercial properties including class A and B office buildings, retail centers anchored by many national and regional tenants and a wide range of commercial tenants catering to the local needs of the surrounding upscale communities of Mt. The property is owned, managed and leased by a prominent Westchester family who has been in the real estate business for several generations. As per Cronin, “the bank went ‘above and beyond’ in addressing the Borrower’s ‘timing’ needs which was instrumental in closing the loan. Houlihan-Parnes Realtors, LLC, represented by Jerry Houlihan is pleased to announce the placement of a $3,780,000 first mortgage for the acquisition of 8 multifamily buildings containing 160 apartments located in Bridgeport CT.


Ed Graf and Ted Sannella of Houlihan-Parnes Realtors, LLC have arranged for the re-finance of the first mortgage on a multi-family complex in Upstate New York. The par, non-recourse loan, was placed for a seven year term with a 30 year amortization schedule. Houlihan-Parnes Realtors, LLC and Q10 Realty Advisors, LLC are pleased to announce the placement of a new first mortgage in the amount of $7,400,000 on a property located at 30 Buxton Farms Road.
Jerry Houlihan of Houlihan-Parnes Realtors, LLC has arranged the purchase of a non-performing first mortgage and the simultaneous purchase of the fee simple to a mixed-use property located at 4062-4072 White Plains Road in the Wakefield section of the Bronx, NY. Ed Graf and Ted Sannella of Houlihan-Parnes Realtors, LLC have arranged the first mortgage re-financing of $29,650,000 for The Sunny Isle shopping center in St. The Mahwah Business Park is a 400,000 square foot facility that is a combination of office and warehouse space. Houlihan-Parnes Realtors, LLC and Q10 New York Realty Advisors, LLC are pleased to announce the placement of a $2,500,000 first mortgage on the 16,000 s.f. Houlihan-Parnes Realtors, LLC and Q10 Capital, LLC is pleased to announce the closing of a loan in the amount of $6,850,000 on properties located at 30-40 Ramland Road in Orangeburg, New York.
Houlihan-Parnes Realtors & Q10 NY Realty Advisors, LLC are pleased to announce the placement of a $650,000 first mortgage on 124-128 East Post Road, a 5,800 s.f. 124-128 East Post Road is located one block from Mamaroneck Avenue and currently houses Full Moon Thai Restaurant, El Cafetero, a Columbian Bakery & it’s newest addition Papaniche.
The Borrower was represented in the transaction by Craig Weitz of Metro Property Group & Houlihan Parnes Realtors.
Houlihan-Parnes Realtors, LLC, is pleased to announce the placement of a $2,000,000 first mortgage on the 17,390 s.f.
Houlihan-Parnes Realtors, LLC, is pleased to announce the placement of a $4,000,000 first mortgage on the 62,000 s.f. Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, has arranged a new first mortgage on the property located at 30-32 East 38th Street, New York, New York, a six story elevator apartment building located between Park Avenue and Madison Avenue in the Murray Hill section of Manhattan. The ten year non-recourse loan of $3,850,000 has a fixed interest rate of 3.55% for 5 years with the first two years, interest only. Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, represented by Jerry Houlihan is pleased to announce the modification of a 2,650,000 first mortgage loan encumbering two contiguous 1- story steel frame and concrete buildings located at 160-178 Harris Road and 180-224 Route 117 By-Pass Road, Bedford Hills, New York. The 7-year loan now has a fixed interest rate of 4.75% on a self-liquidating amortization schedule.
The 10-year, PAR non-recourse loans have fixed interest rates for the first 5 years of 4.75%.
The 10-year loan has a fixed interest rate of 4.75% for the first 5 years on a 30-year amortization schedule. Ed Graf of Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, has arranged for 1st mortgage re-financing of a 42 multi-family unit apartment building, located at 3033 Godwin Terrace, Bronx, New York. The loan in the amount of $1,500,000 was placed for a 7year term with a 30 year amortization schedule. Jim Houlihan and Steve McCulloch of Houlihan Parnes Realtors an affiliate of Q10 capital, LLC, are pleased to announce that on behalf of Post Road Realty LLC they have successfully renegotiated and increased the debt on a 46,740 square foot retail property in Port Chester, New York. Jerry Houlihan of Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, has arranged the refinancing of two mortgages encumbering two properties located at 6-8 East Sidney Ave in Mt.
Jerry Houlihan of Houlihan-Parnes Realtors, LLC, an affiliate of Q10 capital, LLC, has arranged acquisition financing in the amount of 75% of the price for the purchase of a three-story brick walk-up apartment building containing 13 apts and on-site parking located at 609 Van Cortlandt Park Ave in Yonkers, NY.
The loan was placed with a Savings Bank at a fixed interest rate of 4% for 10 years with an interest reset in the 6th year on a 30-yr amortization schedule. Houlihan-Parnes Realtors, LLC, affiliated with Q10 Capital, LLC, has closed 4 loans on retail properties in the New York Metropolitan area. Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Houlihan-Parnes and its affiliates specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting. Houlihan Parnes Realtors and Q10 New York are pleased to announce the closing of a first mortgage loan in the amount of $50,000,000 secured by Two Fordham Square, a 250,000 square foot 4 & partial 5-story mixed-use, office and retail building located at the "Crossroads of the Bronx" - Fordham Road and The Grand Concourse. Two Fordham Square underwent a total gut renovation by the borrowers 9 years ago when they acquired a then totally vacant building. The building is well located immediately off I-95, exit 16 and Route 7 and close to Norwalk Hospital, and the Norwalk Station of the Metro North Railroad – New Haven Line. The 40,000 square foot office and medical building is home to 25 tenants and is managed and leased by GHP Office Realty. The Center is currently 95% occupied by 23 national, regional and local tenants including John Brooks Supermarket, Dollar Tree, Taco Cabana, Bank of Albuquerque, Planet Fitness, the UPS Store, Supercuts, H & R Block, and T-Mobile. The 5-year, non-recourse loan has a fixed interest rate of 3.25% with interest only payments for two years and 30-year amortization thereafter.
The loan is prepayable throughout the term on a sliding-scale basis, plus the borrower has an option to extend the term for an additional five years. Houlihan of Houlihan-Parnes Realtors, LLC, is pleased to announce the placement of an $8,000,000 supplemental loan for Independence Plaza Shopping Center in Hamilton Township, NJ. Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a 1st mortgage in the amount of $1,000,000 encumbering of a 6,500 sf property improved with a one-story brick taxpayer containing five stores that total 5,335 sf plus basements located at 3600-3614 White Plains Road in the Gun Hill section of the Bronx, NY. The Lender charged a no commitment fee and the loan has a sliding scale penalty in the case of prepayment.
Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a first mortgage in the amount of $1,500,000 encumbering a property located at 15 Beach Road in Great Neck, NY, improved with a 3-story brick walk-up garden-style Cooperative apartment building constructed in 1950. Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a 1st mortgage in the amount of $2,000,000 encumbering of a 1.15 acre property improved with a 7-story concrete block and masonry brick double-wing, residential multi-family rental apartment building with two self-service elevators constructed in 1932 located at 33 Williams Street in the Fleetwood section of Mount Vernon, NY. The Lender charged a no commitment fee and the loan has a yield maintenance penalty in the case of prepayment. Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a first mortgage in the amount of $500,000 encumbering a property located at 51 Van Cortlandt Park Avenue, Yonkers, NY improved with a 3-story walk-up apartment building constructed in 1965. Located in the “Westchester Square” neighborhood of the East Bronx, the 5-story co-op building is situated at the northwest corner of Overing Street and Frisby Street. The non-recourse loan is fixed at 3.5% for seven years with a 30-year amortization schedule. Houlihan and Michael O’Neill of Houlihan-Parnes Realtors, LLC and Q10 New York Realty Advisors, LLC are pleased to announce the placement of $7,800,000 in first mortgage financing with a regional commercial bank on the Center Seven Shopping Center located at 607 Main Avenue in Norwalk, Connecticut.
The five-year, non-recourse loan has a fixed rate of 3.75% with a 30-year amortization schedule.
The 5-year, non-recourse loan has a fixed rate of 4% with a 30-year amortization schedule thereafter it is interest-only for two years. The Co-op opted for a 15-year self-liquidating mortgage with an interest rate of 4.125% for the term of the loan which is prepayable after the fifth year without penalty.
Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the placement of an acquisition loan and credit facility totaling $13,200,000 on two properties located at 2649-2651 Strang Boulevard, Yorktown Heights, New York. The building is owned and managed by a prominent New York owner who has been in the real estate business for many decades. The loan is pre-payable throughout the term on a declining schedule and the Borrower has a 5-year option to extend. The loan is prepayable throughout the term on a declining schedule and the Borrower has a 5-year option to extend. Houlihan of Houlihan-Parnes Realtors, LLC are pleased to announce the placement of a first mortgage in the amount of $13,120,000 on a property located at 4 West Red Oak Lane, White Plains, New York.
The non-recourse loan is fixed for five years at 3.33% interest with a 30-year amortization schedule and was done at par. The non-recourse loan was done at par and has a fixed rate of 4% for a period of five years with a 30 year amortization schedule.
The units have outstanding water views and virtually all resident owners have made extensive upgrades to their units.
The initial challenge was identifying a lender that was willing and able to commit to 20-year fixed rate loan on a small balance loan, albeit a low leverage loan, but the lender came through with flying colors.” The co-op board was represented by Scott Gerard, Esq. The non-recourse loan was done at par by a local commercial bank and has a fixed rate of 4.25% for the seven year term with a 30-year amortization schedule.
The non-recourse financing was done at par and has a prepayment privilege on a declining scale. The loan of $5,100,000 was used to acquire this property on behalf of a regional investor who needed to complete a 1031 exchange. The property is highly visible from and has convenient access to I-69 (Southwest Freeway), a heavily trafficked thoroughfare that connects Sugar Land to Houston. The lease with Best Buy expires during the term of the loan but has several renewal options.
They are savvy buyers with a focus on underperforming properties with significant upside potential. The building is in an ideal location close to Norwalk Hospital, Metro North Railroad, exit 16 on I-95 and Route 7. The building is located at 3311 Giles Place, which is northwest corner of Fort Independence Street and Giles Place near the Jerome Park Reservoir in Kingsbridge Heights section of the Bronx.


The property is located in the heart of downtown White Plains just steps away from Metro North Railroad station, the White Plains Courthouse and many shops and restaurants. The borrower was very pleased with the bank’s accommodations.” The Borrower was represented by Jennifer Lofaro, Esq. Ardsley Shopping Center located at 717-725 Saw Mill River Road in Ardsley, Westchester County, New York. Greenburgh Shopping Center located at 77-97 Knollwood Road, in Greenburgh, Westchester County, New York.
The non-recourse loan was fixed for a 5-year term at 4.25% based on a 30-year amortization period.
Cronin said “the lender recognized the borrower’s real estate experience and expertise in owning, leasing and operating commercial properties and saw how they had successfully stabilized the tenancy and substantially increased the bottom line.” The Borrower was represented by Stuart Berg, Esq. The borrower is a partnership comprised of the partners of Houlihan Parnes and members of the Jemal family, headed by Jack and Sam Jemal.
It had housed both the former Alexander’s and Caldor department stores which vacated the building in 1993 and 1997, respectively. The par loan also has right to prepay with a 5% penalty in year 1 declining 1% per year, with no penalty in the last three months of the term. The loan, closed with a national commercial Bank, is prepayable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional 5 years. The 7-year, non-recourse loan has a fixed interest rate of 3.75% with interest only payments for two years and 30-year amortization thereafter. There are 116 apartments, 26 on-site outdoor parking spots, 60 garage spots, gardens and a courtyard.
The Lender did not charge a fee, the loan can be prepaid throughout the term on a declining schedule, and the Borrower has a 5-year option to extend. The 10-year, non-recourse loan was creatively structured to allow for voluntary partial prepayments throughout the term.
The loan, closed with a local bank, is prepayable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional five years. The loan, closed with a local Bank, is prepayable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional 5 years.
The properties are located at the confluence of Routes 202, 35, 118 and the Taconic State Parkway. The property is located off of Westchester Avenue where the Hutchinson River Parkway and I-287 intersect.
The Borrower has a 5-year option to extend and a right to prepay the loan on a declining scale throughout the term.
The loan is prepayable throughout the term on a declining scale and also has a 5-year option to extend. The 7-year, non-recourse loan has a fixed rate of 4% and was done on a 30-year amortization schedule.
That strategy has worked extremely well and today their portfolio is a well-balanced mix of multi-tenanted and single tenant buildings ranging in size from 25,000 sf to >1 million sf. The property is improved with a 60,000 square foot office and retail building with 16 tenants which is managed and leased by GHP Office Realty. The 7-year, non-recourse loan has a fixed rate of 4.08% with a 30-year amortization schedule.
The 5-year, non-recourse loan is fixed at 4.50% interest on a 30-year amortization schedule, plus has a 5-year option. The 5-year, non-recourse loan has a fixed rate of 4.50% with a 30-year amortization schedule. The borrowers successfully leased the building within months of the completed renovation to a mix of national, regional and local retailers all of whom signed long-term leases and who occupy prime ground floor and lower level space (e.g.
The proceeds of the financing will be used for major capital improvements and to replenish reserves. The corporate park contains a total of 209,078 rentable square feet which will be managed and leased by GHP Office Realty. The property is improved with a 135,000 square foot office building with 21 tenants which is managed and leased by GHP Office Realty.
The one-story building is 100% occupied with nine tenants made up of a mix of non-credit local retailers and restaurants.
The fixed-rate loan was written for a term of 10-years with the borrower having the option to extend the term for an additional 5 years. The loan was placed with a local bank at an interest rate of 4.25% for a term of 5 years on a 30 year amortization schedule. The par loan, closed with a local Bank, is pre-payable throughout the term with a swap breakage feature.
Pisani’s other establishment, Abatinos in White Plains has been a mainstay in North White Plains for over 25 years.
The borrower is a partnership among the principals of Houlihan Parnes, GHP Office Realty and RD Management.
The interest rate was locked for the full term of the loan at 3.94% and provided for 2-years of IO with amortization based on a 30-year schedule thereafter. The loan was placed by a team of mortgage brokers lead by Jeanne Cronin, Mike O’Neill, Jerry Houlihan and Kelly Houlihan of Houlihan Parnes and Q10NY. The loa, closes with a local Bank, is prepayable throughout the term on a declining scale and the borrower has an option to extend the loan for an additional 5 years. The Center, having recently undergone extensive renovations, has 14 ground-level tenants that include Citibank, Starbucks, Planet Pizza, and a new Doctor’s Express facility.
Greenburgh Shopping Center located at 77-97 Knollwood Road in Greenburgh, Westchester County, New York. The interest only loan was placed with a local bank at an interest rate of 3.875% for a term of 3 years. The loan was placed with a local bank at an interest rate of 4% for a term of 5 years on a 30 year amortization schedule. Recent additions include Java Crave Cafe, a coffee emporium, and Petra Restaurant which is sure to become a popular destination in this bustling, upscale Westchester village. Aubrey Riccardi of Goldberg Weprin Finkel Goldstein LLP represented the Borrower in the transaction.
Center is located in the Five Towns area of Nassau County, just east of JFK International Airport. The six tenants in the center include a Citibank branch, 7-Eleven store and a Boston Market restaurant.
The borrower acquired the under-performing retail property in 2009 and through an aggressive management and leasing plan was successful in attracting several new tenants to the center, including the grocer Albertson’s LLC and Subway, the restaurant chain. The borrower has the privilege to prepay the loan without penalty during the final 60-days of the loan term.
Murray & Gaunt Partners is the principal owning entity and has managed and owned the Center for over 10 years. The 5-year, non-recourse loan has a fixed rate of 3.75% with a 30-year amortization schedule.
The Center has 19 tenants that include Lowe’s Home Center, K-Mart, TJMaxx, Conway, The Children’s Place, T-Mobile, and Applebee’s, as well as the new addition of a Walmart Marketplace and Modell’s. Albertson’s completed extensive interior and exterior renovations to its store and has become a strong anchor for the property. The lender won the business based on its highly competitive loan terms and it uncanny knowledge and understanding of the Bronx commercial mortgage market. The Borrower was represented by Abrams, Fensterman, Fensterman, Eisman, Formato, Ferrara & Wolf, LLP. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorneys. The borrower also relocated and expanded the national discounter, Dollar General, to a new larger store within the center. The demand for quality office space in the Bronx continues to be extremely strong as evidenced by the fact the building has always been 100% occupied.
The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorney. The loan was done at par and has a 5-year extension option, plus a right to prepay throughout the term on a descending scale.
Other tenants in the center include Cook Children’s Health Care, JPMorgan Chase, ACE Hardware and Edward Jones & Co.



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