Houlihan and Coleman of Houlihan-Parnes Properties place $1.755m loan for refinancing

Cheshire, CT Jeremiah Houlihan and James Coleman of Houlihan-Parnes Properties have arranged the refinancing of a two-story elevatored 26,000 s/f neighborhood retail center on 1111 South Main St. The building was built in 1985 and contains eight retail suites on the ground floor and eight offices on the second level. There is also parking on-site.

Houlihan-Parnes Properties has arranged a $1.755 million first mortgage loan with current market interest rate and repayment schedule for a 10-year term.

The financing was arranged in connection with the purchase of the property by an investment group based out of White Plains. The property will undergo upgrades and be repositioned to maximize the investment.

Houlihan-Parnes Properties is a full-service real estate company providing property/asset management, construction management, sales and mortgage brokerage, back-office operations, and real estate consulting. They specialize in the management of co-ops/ condos, residential, retail, and mixed-use properties. Their dedication to providing clients with top-level hands-on management has made them successful in building equity and wealth for their clients through the assets they manage.