$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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Commercial Real Estate Appraisal

What Is the Difference Between a Hard Money Loan and Bridge Loan?

If you’re planning on using an alternative to conventional lending on a real estate investment, you may look into a hard money loan or bridge loan, but how do you know which one to choose? Find out the specifics ahead of time to know which is a better fit for your scenario. Knowing the difference …

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Fact: Hard Money Loans Could Be a Better Option

There’s a lot of misinformation and misunderstanding out there about hard money loans, but they can be a lot more effective than people think. The problem is that a quick Internet search will return tons of results with headlines like: “What to Watch Out For” “The Pitfalls of Hard Money Loans” “Are Hard Money Loans …

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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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Commercial Real Estate Appraisal

Hard Money Loans Get Their Name Because Their Terms Are Hard to Negotiate or Approve

This month’s blog is going to answer one of the most pressing questions people have about hard money loans: why are they called “hard”? No, they’re not going to hand you a pile of concrete cash – Hard Money simply refers to the fact that the interest rates charged are significantly higher than with a …

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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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$350,000 Second – Mixed-Use Property – Queens, NY

  H&O Capital Funding Closes $350,000 Second Mortgage Second mortgages can make some lenders nervous. That was not the case for H&O Capital Funding, who had the experience and know-how to close on this mixed-use property in the Rego Park section of Queens. The borrowers came to H&O Capital Funding looking for a small 2nd …

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