Mortgage Placements on Four Retail Properties
December 2018 – Michael Cuniberti of Houlihan-Parnes Properties, and James K. Coleman of Houlihan-Parnes Realtors have arranged mortgage financing totaling $10,100,000 on four retail properties. 426-438 Mamaroneck Avenue and 123-129 Halstead Avenue in Mamaroneck, 4174 White Plains Road, Bronx, NY, and 44-25-44-27 Kissena Blvd., Flushing, NY. The properties are all multi-tenanted, retail properties in thriving urban locations. The separate refinancing’s were placed with a Long Island-based bank for 5-year terms at market interest rate with 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.