400 Westchester Avenue, White Plains, NY
January, 2018- Houlihan-Parnes Realtors are pleased to announce the placement of a new first mortgage in the amount of $13,000,000 on a property located at 400 Westchester Avenue in White Plains, NY in Westchester County.
The property is net leased to Fordham University. Fordham relocated their Westchester campus to this site and opened their current facility in 2008. Last year, Fordham extended their lease and committed to staying in Westchester County to let lease 2038.
A loan was placed for a period of 20 years and self-liquidating basis at a rate of 4.06%. Christie Houlihan, Bryan Houlihan and Andrea Lofaro of Houlihan-Parnes Realtors and GHP Office Realty arranged the loan. Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the borrower and the title was ensured by The Great American Title Agency, Inc. in White Plains.