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$2,150,000 First Mortgage – 4-Family Brooklyn Investment

  H&O Capital Closes $2,150,000 First Mortgage During the Covid-19 pandemic, the borrower in this transaction ran into trouble with his current lender due to some tenant payment issues. His current lender was pressuring him to pay them off, and even instituted the default rate, despite being only one month behind on his payments. Due …

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$440,000 First Mortgage – 2-Family Investment – Garfield, NJ

  $440,000 First Mortgage – Two-Family Investment In this scenario, the borrower was looking for a small cash out on his recently renovated 2-family home in Garfield, NJ to help complete another project he was working on. Due to the nature of his work as a contractor without a W-2, as well as a few …

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

  $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 …

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$1,300,000 First Mortgage – Freemason owned Mixed-Use property – Brooklyn, NY

  $1,300,000 First Mortgage – Freemason owned Mixed-Use Property- Brooklyn, NY This was another repeat borrower for H&O Capital Funding, and they coincidentally were also a fraternal order of Freemasons based out of Brooklyn.  The borrowers had an existing first mortgage with H&O for $750,000 and needed to clear some cash for property improvements. The …

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$450,000 Second Mortgage – Masonic Temple – Brooklyn, NY

  $450,000 Second Mortgage – Masonic Temple – Brooklyn, NY A fraternal order of Freemasons based out of Brooklyn, NY came back to H&O Capital Funding looking for a bit more cash to help clear off some debts that had accumulated during the pandemic. The borrowers, who rely on the proceeds from renting out the …

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

  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 …

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$1,300,000 First Mortgage – Medical Office – Yonkers, NY

H&O Closes $1,300,000 First Mortgage on Medical Space This borrower was in a tight spot when they came to H&O Capital for financing on their repurchase of a property from bankruptcy. Having successfully bid for the property, the borrower had very little time to come up with the cash for the purchase. He needed a …

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$2,450,000 First Mortgage – Ground Leased Site – Brooklyn, NY

H&O Closes $2,450,000 First Mortgage on Brooklyn site This was another unique situation that needed a lender with know-how and experience to get closed quickly. In this deal, the borrower owns an old movie theater with a partner that is now encumbered by a 99-year ground lease to a developer. In and of itself, this …

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$16,700,000 First Mortgage – Development Site – Bronx, NY

  $16,700,000 First Mortgage – Bronx Land H&O Capital Funding recently closed on a $16,700,000 first mortgage for the purchase of an approximately 59,000 SF site with R9A zoning and a C2-4 commercial overlay. The site is currently occupied by the purchaser, who had an option to purchase the site in his lease. Talk about …

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$2,000,000 First Mortgage – Private School – Queens, NY

  H&O Capital Funding Closes $2,000,000 First Mortgage In this deal, the school sits on a large, valuable piece of land that has had a lot of interest from a number of well known developers. The school has no plans of relocating, but due to the size of the lot, there is a real opportunity …

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