83 East Avenue - Norwalk, CTNorwalk, CT Houlihan-Parnes Realtors, LLC, celebrating 125 years of continuous professional service, has arranged a first mortgage in the amount of $2.75 million on a property located at 83 East Ave. The building is located off I-95, exit 16 and Rte. 7 and close to Norwalk Hospital, and the Norwalk Station of the Metro North Railroad. The property has undergone extensive tenant and capital improvements including a new lobby, bathrooms, elevators, landscaping, exterior lighting and painting. The 40,000 s/f office and medical building is home to 25 tenants and is managed and leased by GHP Office Realty. The 5-year loan was placed with a local bank at an interest rate of 3.75% with a 5-year option to extend. The loan was arranged by Andrew Greenspan and James Houlihan of Houlihan-Parnes. The title was arranged by Ray Cohen of Chicago Title. The borrower was represented by Christie Houlihan of Zuckerman, Gore, Brandeis and Crossman, LLP, as legal counsel.
Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Founded in 1891, it has been continuously family owned and operated since its inception. Its companies and affiliates invest and engage in the acquisition and ownership of all types of commercial properties throughout the United States. We specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and advisory and consulting services. Our mortgage brokerage affiliate, Q10 | New York Realty Advisors, is a member of Q10 Capital, LLC a leading commercial mortgage banking company with 22 offices in 20 states nationwide.