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Thursday June 8th – NY Yankees vs. Boston Red Sox – Yankees Win 9 – 1

On a beautiful Thursday evening in the Bronx, Houlihan & O’Malley joined many other members of the Bronx-Manhattan North Board of Realtors for their annual NY Yankees outing. Liz Genovese and Steven Manela of the appraisal group, as well as Rich Salinaro and Dan Houlihan of the private lending division were on hand to see the game and connect with their peers to discuss the real estate industry and, of course, talk a little baseball.

The outing was a great way to for the realtor board members to connect in a low-key setting. Between the hot dogs, burgers and beers it was a fun night out for Liz, Steven, Rich and Dan. The icing on the cake was the Yankees win over their dreaded rival the Boston Red Sox!…

Two Days to Close – Yonkers, NY 7-Unit Residential Building – $400,000 Acquisition Loan

The borrower, with whom H&O Capital Funding has worked with in the past, came to H&O about two weeks prior to the date of his TOE closing for an acquisition loan. H&O was interested in the deal but the borrower found an equity partner and decided he didn’t need the loan after all.

Two days prior to the closing the borrower came back to H&O when his equity partner got cold feet at the last moment. Thankfully the property was clean and there were no issues upon inspection so H&O Capital Funding was able to salvage the deal and provide the borrower with the $400,000 needed to close on time.

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

Brooklyn, NY Mixed-Use – $350,000 Commercial Loan

The borrower in this transaction needed some quick funds to payoff a legal judgement of $300,000. Thankfully, the borrower owned a 6-unit mixed-use property in Brooklyn free and clear to use as collateral for the commercial loan. H&O Capital Funding stepped in to provide the funds needed to pay off the judgement and help the borrower get back on their feet.

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

Hamilton Heights Two-Family Refinance Loan  – $875,000

The borrowers on this deal had an impending balloon payment and needed to acquire a refinance loan within the next two months. Due to some credit issues, the borrower was unable to lock in a conventional loan and instead turned to H&O Capital Funding for help. Despite the owners living out of state, H&O Capital Funding was able to step in and get the deal closed in under four weeks.

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

Large Two-Family – $405,000 Acquisition Loan

This Acquisition Loan deal needed to close quickly. The buyer and borrower had a TOE contract for the purchase of a large two-family home in the heart of New Rochelle, NY. Needing a fast closing, the borrower came to H&O Capital Funding for a $405,000 first mortgage. The deal closed in just two weeks.

For more information on our services visit our website.

Houlihan & O’Malley Commercial Services…