Jeremiah A. Houlihan of Houlihan-Parnes Properties has arranged for a 1st mortgage loan in the amount of $2,350,000 for the Acquisition Financing of “Kemdy Court,” a four-story brick walk-up apartment building built in 1927, containing 41 apartments.  The property is located at the southwest corner of East 3rd Street & Bedford Avenue, near Columbus Avenue (Route 22), in the “Oakwood Heights” neighborhood of Mount Vernon, NY, on the Pelham border.

The financing was placed with a New York savings bank for a seven (7) year term, at an interest rate of 6.4% on a thirty (30) year amortization schedule.

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.