$300,000 Second Mortgage – YMCA – Tarrytown, NY H&O Capital Funding recently closed a second mortgage for the YMCA of Tarrytown. The Y had to make some much needed repairs and needed a quick cash infusion to get it done. H&O Capital was able to get it done in under two weeks, allowing for …
$300,000 First Mortgage – Vacant Land – Yonkers, NY H&O Capital Funding recently closed a loan on a vacant parcel of land in SouthEast Yonkers, just north of the Bronx. The borrower approached H&O needing a small loan to help him complete his $1m+ purchase, where he plans to build a retail store to …
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$285,000 First Mortgage – Freestanding Restaurant Property – Glen Cove, NY Another day, another quick closing for H&O Capital Funding! The borrower here got into the restaurant business a few years ago and within his first three weeks there was a fire and the entire restaurant went up in flames. After spending two years, and the majority …
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Here is an outline of private loan requirements. What Financials do you need to show to a private lender? 99% of the time there are no personal financials required, however, property financials will sometimes be requested depending on the property type, tenancy and ownership. Credit scores, personal tax returns, etc. are almost never requested. Is …
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