266 Main Street, Windsor Locks, CT
October 2020: Jeremiah A. Houlihan and James K. Coleman of Houlihan-Parnes Properties have arranged for acquisition financing for the purchase of Countryside Apartments, located at 266 Main Street, Windsor Locks, CT. Situated on 3.5 acres, the property contains 75 apartments in a 3-story brick elevator garden apartment building with courtyard, on-site parking, an on-site management office & laundry room. This property has frontage on a bus-routed street, and is near shopping, train station, the Community Park & Pool, I-91 and Bradley International Airport.
The lending group provided a 12-month Bridge First Mortgage Loan in the amount of $5,100,000 (67% LTV) which enabled the buyer to close within one week of signing a contract.
Houlihan-Parnes Properties as a broker arranges for private mortgage loans, immediate purchases, refinances, foreclosure exits, bankruptcy settlements, mortgage buybacks & construction.