– $4,000,000 First Mortgage – Development Site – Bronx, NY

Posted on Mar,02 2021
by Rich Salinaro in Blog

 

$4,000,000 First Mortgage – Bronx Development Site

An up and coming developer contacted H&O Capital Funding looking for some financing for his development project in the West Bronx. The borrower needed cash to start the demolition and construction on 5 contiguous lots, currently improved by vacant two-family homes on each lot. The developer was referred to H&O Capital by their architect, who is a long time friend of H&O, as well as a previous borrower. The sites combine to form an approximately 12,725 SF site in an R8 zone with 76,000+ SF in buildable square feet. H&O Capital closed the deal in under three weeks.

H&O Capital Funding  has helped countless real estate buyers, sellers, lessees and lessors achieve their goals. Our legacy is unwavering commitment to the communities we serve. Houlihan & O’Malley Commercial Real Estate Services specializes in four distinct, yet overlapping, areas of business: Commercial Brokerage services, Private Mortgage services, Appraisal Services and Advisory services.

For more information on loans that we offer, visit our website.

 

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