$1,300,000 Refinance Loan Automotive Assemblage (4 properties) – Farmingdale, NY
A family owned automotive business based out of Farmingdale, NY came to H&O Capital Funding looking for some help refinancing their property. Due to some mismanagement of the property after a death in the family, the company had to file bankruptcy to reorganize and regroup. With a pending bankruptcy, conventional financing really wasn’t an option. Luckily for the group, H&O Capital Funding was here to help them out with a $1.3m refinance of the property and give them some much needed time and breathing room to reorganize the management of the company.
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