A newly constructed 30-unit apartment building in White Plains, shown above, has some specialized features.
One that caught our eye on online listings is a fitness center with boxing “simulator.”
And then there are the more standard upscale features — in-unit laundry, hardwood floors, upgraded kitchens and bathrooms — at Apuovia at 68 Lake St. There are also covered and assigned parking spots and some handicapped access apartments.
Ed Graf of Houlihan Parnes Realtors, LLC, a White Plains-based company, has arranged a $7,850,000 first mortgage on this new complex.
The interest rate on the loan is fixed at 3.75 percent for a 7-year term with a 30-year amortization schedule. The borrower was represented by Steven Pearsall, Esq. of Gaboriault and Pearsall, P.C.
Houlihan-Parnes, founded in 1891, specializes in commercial mortgage finance, investment sales, property management, leasing, mortgage servicing and consulting.