77-97 Knollwood Road, Greenburgh, NY
December 2018 – James J. Houlihan, Christie L. Houlihan and Bryan J. Houlihan of Houlihan-Parnes Realtors, LLC, have secured the placement of a $3,500,000 first mortgage on Greenburgh Shopping Center, located at 77-97 Knollwood Road in Greenburgh, New York. The non-recourse loan is fixed for 5 years at 4.625%. The shopping center is anchored by an Acme supermarket, CVS Pharmacy and Bow Tie Cinemas. 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 Christie L. Houlihan, Senior Director and Counsel of Houlihan-Parnes Realtors.
James J. Houlihan, Managing Partner at Houlihan-Parnes, said: “This deal is a testament to our close relationships with lenders and the continuing strength of retail lending in Westchester County.”