1038 Southern Boulevard

Property Name: 1038 Southern Boulevard
Location: Bronx, NY
Property Type: Mixed Use
Transaction Type: First Mortgage
Loan Amount: $0
Details: Houlihan-Parnes Realtors, LLC is pleased to announce the placement of first mortgage financing on the 5-story walk-up apartment building at 1038 Southern Boulevard in the Bronx, NY. The non-recourse loan is fixed at 3.5% for seven years with a 30-year amortization schedule. The Lender did not charge a fee, the loan can be prepaid throughout the term on a declining schedule, and the Borrower has a 5-year option to extend. The building, just off of Westchester Avenue, has 17 apartments and two stores. The financing was handled by Mike O’Neill of Houlihan-Parnes and Elizabeth Smith of Goldberg Weprin Finkel Goldstein LLP represented the Borrower.
More Info: James J. Houlihan at 914-694-6070 or contact me