Houlihan-Parnes Arranges $4.5M Loan for Refinancing of Metro NYC Office Building

by Kristin Harlow

WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors has arranged a $4.5 million loan for the refinancing of a 35,000-square-foot office building at 297 Knollwood Road in White Plains, a northern suburb of New York City. An undisclosed local bank provided the loan, which carried a 3.75 percent fixed interest rate for the first 10 years of the 15-year term, as well as a flexible prepayment schedule and a 30-year amortization schedule.

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