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.