160-178 Harris Road. & 180-266 Route 117 By-Pass Road, Bedford Hills, NY
June, 2018- Houlihan Parnes Properties, an affiliate of Houlihan-Parnes Realtors LLC, represented by Jeremiah A Houlihan, is pleased to announce the refinancing of a first mortgage loan encumbering three 1-story steel frame and concrete buildings known as the “Northern Westchester Shopping Plaza”, located at the corner of the Route 117 Bypass Rd and Harris Rd in Bedford Hills, NY. The property is situated on 9 acres and has an aggregate total of 90,000 sf of retail and office tenants with on-site parking.
The 15-year $3,000,000 loan has a fixed rate of 4.25% payable on a self-liquidating basis. The loan, which closed with a local Savings Bank, is prepayable throughout the term on a declining scale.