111 North Broadway, Irvington, NY
December 2018 – Jeremiah A Houlihan and James Coleman of Houlihan-Parnes Properties have arranged 1st mortgage financing in the amount of $2,100,000 for a multi-family property in Irvington, NY. The property was held in the same ownership for over 40 years and was sold to a White Plains based real estate company for an undisclosed price.
111 North Broadway (Route 9) in Irvington, NY is a 3-story brick converted mansion that contains 17 apartments and on-site parking.
The 1st Mortgage Loan was placed with a NY Savings Bank for 7-year terms at a 4.75% interest rate with a 2-yr interest only component on 30-yr amortization schedules. The Lender charged no commitment fee and the loan has sliding scale prepayment penalties.