41-51 West Fordham Road, Bronx, NY

December 2018 – James J. Houlihan, Christie L. Houlihan and Bryan J. Houlihan of Houlihan-Parnes Realtors, LLC, have secured the placement of a $4,212,000 first mortgage on 41-51 West Fordham Road, Bronx, New York. The non-recourse loan is fixed for 5 years at 4.625%. The building is net leased to Rite Aid. The loan, closed with a local bank, is pre-payable throughout the term on a declining scale and the Borrower has an option to extend the loan for an additional five years. The Borrower was represented by John Hogan, Esq. of Goldberg Weprin Finkel Goldestein, LLP.