$310,000 First Mortgage – Two-Family Investment in New Rochelle, NY
H&O Capital Funding was contacted by a local investor who needed some quick funds to payoff their current first mortgage. The home was in great shape, but the borrower had a rocky relationship with his current lender. Despite numerous obstacles posed by the current lender, H&O Capital was still able to get this done within 35 days. Had the current lender not held the deal up it could have been closed in under two weeks. Glad we were able to help with this two-family investment home.
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