– $450,000 First Mortgage – 3-Family Bronx Investment

Posted on Jan,21 2021
by Rich Salinaro in Blog

 

H&O Capital Funding Closes $450,000 Loan

Due to the Covid-19 pandemic, the borrower in this deal was hitting a lot of roadblocks as he tried to pay off his current mortgage that was coming due. Having only recently completed his renovation, the borrower did not have time to find tenants during this challenging period for landlords. A number of lenders turned him down indicating they would only proceed once the property was stabilized. In stepped H&O Capital Funding, who understood the dilemma the borrower faced and were able contrive a deal that worked for both the borrower and H&O Capital Funding.

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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