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Private Loan Requirements

Posted on October 09, 2017 by Rich in Uncategorized

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… Read More

$3,150,000 Combined First and Second Mortgage – Industrial Property Loan – New Rochelle, NY

Posted on September 12, 2017 by Rich in Uncategorized

$3,150,000 Combined First and Second Mortgage – Industrial Property Loan – New Rochelle, NY The owners and operators of a commercial landscaping business on a 1.8 acre property in New Rochelle, NY came to H&O Capital Funding needing to refinance their current mortgage, which was being called as the landscapers had accrued a large tax… Read More

$2,850,000 Single Family Investment Property – Brooklyn, NY

Posted on September 11, 2017 by Rich in Uncategorized

$2,850,000 Refinance – Single Family Investment Property – Brooklyn, NY A seasoned developer ran into some trouble with a construction loan for a large single-family home he was building in the Sheepshead Bay area of Brooklyn. Having started the project in 2009 just around the time of the financial collapse, the developer ran into some… Read More

Steps to Qualify for Hard Money Loans

Posted on August 28, 2017 by Rich in Uncategorized

Hard Money Loans are asset based, here are the steps to get one. Present a description of the property and the value or potential value of the property Nothing drives lenders crazier than trying to figure out what a property is. As a potential borrower you should provide a description of the property, along with… Read More

$1,300,000 Refinance Loan – Automotive Assemblage – Long Island

Posted on August 15, 2017 by Rich in Uncategorized

$1,300,000 Refinance Loan Automotive Assemblage (4 properties) – Farmingdale, NY A family owned automotive business based out of Farmingdale, NY came to H&O Capital Funding looking for some help refinancing their property. Due to some mismanagement of the property after a death in the family, the company had to file bankruptcy to reorganize and regroup…. Read More

Property Types for Hard Money Loans

Posted on August 02, 2017 by Rich in Uncategorized

Hard Money Loans can work for most property types including: Multi-Family Properties – These are a lender’s dream as the perception is that housing is always going to be in demand, which helps ensure very low vacancy rates. Lenders only major concern is whether or not the income generated by the property can service the… Read More

$550,000 Unconventional Land Loan – Brooklyn, NY

Posted on August 01, 2017 by Rich in Uncategorized

Land Loan – Brooklyn, NY  – $550,000 A Masonic group based out of Louisiana came to H&O Capital Funding looking for a loan on an approximately 4,000 SF parcel of land in Bedford-Stuyvesant. There were a few complications as the land was adjacent to a building that the group owned as well on a single… Read More

New Construction Loan in the Hamptons – $800,000

Posted on July 21, 2017 by Rich in Uncategorized

New Construction Loan – East Hampton, NY  – $800,000 Nearly finished with their construction of a beautiful, 4,000+ SF single-family home in an exclusive East Hampton neighborhood, the borrowers had a small balloon payment coming due on their construction loan. With the project still yet to be finished many lenders were shying away from the… Read More

Bronx Mixed-Use Refinance Loan – $1,350,000

Posted on July 19, 2017 by Rich in Uncategorized

Bronx Mixed-Use Refinance Loan  – $1,350,000 Due to some communication mix-ups and an aggressive lender, the borrower on this loan was facing imminent foreclosure. Add in some credit issues and this borrower was in need of a lender who could move quickly and overlook many of the detrimental factors that prevented a conventional lender from… Read More

What are Commercial Bridge Loans and How Do They Work?

Posted on June 26, 2017 by Rich in Uncategorized

What are Commercial Bridge Loans? A Bridge Loan is typically used to purchase commercial real estate quickly or refinance a property to forestall foreclosure or retrieve a property from foreclosure. Bridge loans are typically short-term loans used to “bridge” the gap between the transaction and the date long-term financing is secured. Bridge loans are almost… Read More