Houlihan-Parnes Realtors Secures $1.6M Loan for Retail Building in New York

by Amy Works

MAMARONECK, N.Y. — Houlihan-Parnes Realtors has secured a $1.6 million first mortgage loan for a retail building located at 587-621 E. Boston Post Road in Mamaroneck. The seven-year, non-recourse loan has a 3.75 percent fixed-interest rate with interest-only payments for two years and a 30-year amortization schedule. The 15,270-square-foot building features 12 retailers. Bryan Houlihan and Mike O’Neill of Houlihan-Parnes arranged the financing through a local bank for the undisclosed borrower.

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