HOULIHAN-PARNES ARRANGES LOAN FOR NY SHOPPING CENTER

by admin

GREENBURGH, N.Y. — Houlihan-Parnes Realtors has arranged a $4 million first mortgage loan for Greenburgh Shopping Center in Greenburgh. The 62,000-square-foot shopping center is located at 77-97 Knollwood Rd. The 5-year, non-recourse loan has a fixed rate of 4.5 percent, with a 30-year amortization schedule. Houliha-Parnes arranged the loan through a local bank and the borrower has the option to extend the loan for an additional 5 years.

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