10 Elm Street Norwalk, CT
January 2021 – Jeremiah A. Houlihan and James K. Coleman of Houlihan-Parnes Properties have arranged the acquisition financing of two 2-unit buildings together on one parcel; one built in 1890 & renovated, and the other built in 2006. The property is located at 10 Elm Street near the entrance to US-7/I-95 & within walking distance to downtown Norwalk, in Fairfield County, CT. The East Norwalk Train Station is ½ mile away.
The property was purchased from a Bank and a Lending Group of Houlihan-Parnes Properties provided a 12-month 1st Mortgage Loan in the amount of $650,000 (73% LTV) which enabled the buyer to close quickly per the Bank’s requirements. The Lender was represented by Neil Lippman of Goldman, Gruder & Woods, LLC, Attorneys at Law in Norwalk, CT.