Mortgage Placements in Bronx and Yonkers, New York

December 2018 – Michael Cuniberti, Jeremiah A. Houlihan and James Coleman of Houlihan-Parnes Properties have arranged mortgage financing totaling $3,500,000 on three retail properties in the Bronx, 134 West Fordham Road, 1735 University Avenue and 26 West Kingsbridge Road and one in Yonkers, NY on 575-585 Central Park Avenue.

The properties are all multi-tenanted, single-story retail buildings in thriving urban locations.

The separate refinancings were placed with a Long Island-based bank for 5-year terms at 4.625% interest and 30-yr amortization schedules. The loans were done at par and have sliding scale prepayment penalties and include 5-year options to extend. The borrower was represented by Christie L. Houlihan, Esq. and title provided by First American Title.