Houlihan arranged a loan secured by a first mortgage in the amount of $1,500,000 encumbering a property located at 15 Beach Road in Great Neck, NY, improved with a 3-story brick walk-up garden-style Cooperative apartment building constructed in 1950.
Houlihan of Houlihan-Parnes Realtors, LLC has arranged a loan secured by a 1st mortgage in the amount of $1,000,000 encumbering of a 6,500 sf property improved with a one-story brick taxpayer containing five stores that total 5,335 sf plus basements located at 3600-3614 White Plains Road in the Gun Hill section of the Bronx, NY.
* The placement of three first mortgage loans in the aggregate amount of $3,000,000 encumbering
properties improved with three one-story retail buildings located at 134-38 West Fordham Road, 26-30 West Kingsbridge Road and 1735-39 University Avenue in the Fordham neighborhood of the West Bronx.
Management knows the company will thrive with the new real estate acquisition, but traditional commercial lending streams are encumbering
the deal's progress.
As a result of negotiations, and Dynamic's sales effort, which generated sufficient funds to remove the liens, the lis pendens encumbering
the co-op was lifted on Jan.
When an owner surrenders a property by foreclosure and the creditor is the successful bidder, the owner is deemed to receive consideration equal to the greater amount of the bid by the amount of liabilities encumbering the property will be the measure of consideration in this situation.
In a surrender to a creditor by deed in lieu of foreclosure, the consideration will include the entire amount of the liabilities encumbering the property.
As a result of these agreements, and an aggressive sales effort that generated sufficient funds to remove the liens, the lis pendens encumbering
the co-op was lifted on January 30, 1992.