Montauk, NY Tax-Payer – $2,000,000 Commercial Loan
The borrower in this transaction already had a $1,350,000 first mortgage with H&O Capital Funding when he approached them for a bit more money. With a fantastic location and credit-worthy NNN tenant, the property had just enough value to make the deal work. The catch was trying to close the deal in under two weeks before the borrower left on an extended business trip. With the help of a determined broker, H&O Capital Funding was able to get the deal closed on time allowing the borrower to have a worry-free trip.
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