Recent Mortgages on Four Properties
May 2022: David Lulgjuraj, Michael Cuniberti and James K Coleman of Houlihan – Parnes Properties have arranged 1st mortgage financing in the amount of $1,000,000 encumbering a property at 48 Pinehurst Ave which is a 5-story walkup apartment building containing 20 apartments in the Washington Heights section of Northern Manhattan. The loan has a fixed interest rate of 3.875% and a 10-year term on a 30-yr amortization schedule. The loan was placed with a New York-Based Commercial Bank.
David Lulgjuraj, Michael Cuniberti and James K Coleman of Houlihan – Parnes Properties have arranged a 1st mortgage in the amount of $2,600,000 encumbering a property located at 18 Palmer Ave in Bronxville, New York. The property is a mixed use 3-story walkup apartment building containing 8 residential apartments, 5 retail spaces and a parking garage. The loan has a fixed interest rate of 3.7%- and 6-year term on a 30-yr amortization schedule. The loan was placed with a New York-Based Commercial Bank.
David Lulgjuraj, Michael Cuniberti and James K Coleman of Houlihan – Parnes Properties have arranged a 1st mortgage in the amount of $550,000 encumbering a property located at 124 East Post Road in White Plains New York. The property is a fully leased 3-unit retail building. The loan has a fixed interest rate of 3.8%- and 5-year term on a 30-yr amortization schedule. The Loan was placed with a New York-Based Commercial Bank.
Bryan Houlihan of Houlihan – Parnes Realtors has arranged a 1st mortgage in the amount of $520,000 encumbering a property located at 1620 Westchester Avenue, Bronx NY. The property is a 4,505 square foot single story Bank of America branch building. The loan has a fixed interest rate of 3.75% for a term of 5 years with the option to extend the loan for an additional 5-year period. The loan was placed with a New York-based commercial bank.