Blanket First Mortgage

$1,300,000 Blanket First Mortgage – Yonkers, NY & Hartford, CT

$1,300,000 Blanket First Mortgage – Multi-Family Properties in Yonkers, NY & Hartford, CT In this deal a repeat borrower with H&O Capital Funding was back for another loan on some new properties he recently acquired in Hartford, CT. The borrower purchased a note that was in default on 5 multi-family properties up in Hartford, CT. After going through the foreclosure process, taking possession of the properties and doing some minor renovation work, the borrower reached out to H&O for a cash out loan as he has some new deals in the pipeline. For additional collateral the borrower put up a 3-family home in Yonkers, NY that he owned free and clear. H&O was able to close the loan in under three weeks, freeing up cash for some new year deals the borrower was looking at. For more information on loans that we offer, visit our website.

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