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Houlihan Parnes Secures $2.3M Loan for Medical Office Building in White Plains, N.Y.

The property is located at 280 Mamaroneck Ave. in downtown White Plains, N.Y.

The property is located at 280 Mamaroneck Ave. in downtown White Plains, N.Y.

WHITE PLAINS, N.Y. — Jeremiah Houlihan and James Coleman of Houlihan Parnes Realtors have secured a $2.3 million first mortgage loan for a medical office building located at 280 Mamaroneck Ave. in downtown White Plains. The three-story building contains a retail store, medical tenants, a self-service elevator and on-site parking for 60 cars. The 10-year loan features a 30-year amortization schedule and was placed with a savings bank. The lender charged no commitment fee and the loan includes sliding scale prepayment penalties.

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