Jeremiah A. Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a 1st mortgage in the amount of $1,000,000 encumbering of a 6,500 sf property improved with a one-story brick taxpayer containing five stores that total 5,335 sf plus basements located at 3600-3614 White Plains Road in the Gun Hill section of the Bronx, NY.

The loan was placed with a Savings Bank at a 5-year fixed interest rate of 3.21% on a 30-year amortization schedule. The Lender charged a no commitment fee and the loan has a sliding scale penalty in the case of prepayment.