Blog

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

Bronx-Manhattan North Board of Realtors – Yankee Outing

Posted on June 13, 2017 by Rich in Uncategorized

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… Read More

Hard Money Lenders vs. Crowdfunding

Posted on June 01, 2017 by Rich in Uncategorized

What is a Hard Money Loan and how does it work? A hard money loan is similar to a mortgage from a conventional lender (a bank, an insurance agency, a trust), however the three biggest differences are the speed with which a loan can be closed, the loan term, and the interest rates. Hard Money… Read More

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

Posted on April 10, 2017 by Rich in Uncategorized

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… Read More

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

Posted on March 09, 2017 by Rich in Uncategorized

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… Read More

Acquisition Loan – 2-Family Home in New Rochelle, NY

Posted on March 06, 2017 by Rich in Uncategorized

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… Read More

H&O Capital Funding Closes Bridge Loan in Brooklyn, NY

Posted on February 21, 2017 by Rich in Uncategorized

Brooklyn Social Club Bridge Loan – $1,420,000 From the beginning, this was not your typical deal. A group of borrowers approached H&O Capital Funding looking for some funds to get an old/defunct social club up and running again. Having been turned down by multiple lenders who “didn’t understand our vision”, club members turned to H&O Capital in… Read More

Mezzanine Capital Funding Loan – Westchester County, NY

Posted on February 15, 2017 by Rich in Uncategorized

H & O Capital Funding would like to announce a recently closed loan in Westchester County, NY. Blanket Mortgage Loan of $5,000,000 This borrower came to H&O Capital Funding looking for a quick cash infusion for their business. H&O was able to provide a $5 million blanket loan with a first mortgage on a warehouse property in… Read More