News: Financial Digest
Posted: January 8, 2016
Houlihan of Houlihan-Parnes arranges bridge financing for CT properties
New Haven, CT Jerry Houlihan of Houlihan-Parnes Realtors, LLC has arranged bridge financing for several different acquisitions of distressed properties in Fairfield and New Haven Counties. The properties were all bought by investors with the intent to demolish and renovate/build new houses to be sold at market.
The loans were 12-18 months in term with some having a draw-down feature for construction purposes. As an experienced private lender, Houlihan-Parnes can act quickly to close as needed. Loans are up to 2 years with flexible prepayment schedules. Funds are available for quick purchases, refinances, foreclosure exits, bankruptcy settlements, mortgage buybacks and construction.
Houlihan-Parnes Realtors, LLC is a multi-faceted real estate investment company headquartered in White Plains, N.Y. Founded in 1891, its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental United States. 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.
Houlihan-Parnes and its affiliates specialize in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting.
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