Mortgage Placement-Bridge Loans

December 2018 – Jerry Houlihan of Houlihan-Parnes Properties with its affiliate mortgage servicing company H-P Capital LLC has arranged the placement of first mortgage bridge loans for the following properties in the New York/Connecticut area:

  1.   $550,000 1st Mortgage loan on a 4,000 square foot Diner in Yonkers on the Bronx border.
  2.   $1,090.00 1st Mortgage Loans for two (2) houses in Fairfield County, Connecticut that will be torn down and completely rebuilt
  3.   1,350,000 1st Mortgage loan for a gut renovated 4-story apartment building containing 2 ground level stores and 6 apts in the Redevelopment district of downtown Yonkers, NY
  4.   $340,000 1st Mortgage loan on a 3-family house in Fleetwood, Mount Vernon, NY
  5.   $600,000 1st Mortgage loan for a gut-renovated single family house in Bayville, NY

All of the loans are for a 12-18 month term and were closed within weeks of a clean title report.

As an experienced private lender, Houlihan-Parnes can act quickly to close as needed. Loans are up to 2 years with flexible prepayment schedules. Funds are available for quick purchases, refinances, foreclosure exits, bankruptcy settlements, mortgage buybacks and renovations.