Jeremiah A Houlihan of Houlihan-Parnes Properties have arranged for First Mortgage Financing in the amount of $350,000 for the refinancing of a 3-story wood frame five (5) family house built in circa 1930 with a small extension on 1st floor and backyard and six (6) outdoor parking spaces, located at 379 Sommerville Place in Northwest Yonkers, NY.  The property is just west of Saw Mill River Rd, with access to the SMP nearby.

The 1^st Mortgage Loan was placed with a NY Savings Bank for a 10-year term on a 30-yr amortization schedule with a fixed interest rate for 5 years and a fixed interest rate adjustment for the remaining 5 years.

Houlihan-Parnes Properties is a full-service real estate company providing property/asset management, construction management, sales and mortgage brokerage, back office operations, and real estate consulting. We specialize in the management of co-ops/ condos, residential, retail, and mixed-use properties. Our dedication to providing our clients with top-level hands-on management has made us successful in building equity and wealth for our clients through the assets we manage. For further information please contact James K. Coleman at 914-641-4336, jcoleman@houlihanparnes.com or Michael Cuniberti at 914-641-4355, mcuniberti@HPRealEstate.com