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 deal. H&O Capital Funding stepped in and understood how far along the project was and immediately knew the value was not going to be a problem, even with potential construction delays. Three weeks later, the deal was done and the borrower had some breathing room to get the project finished up and sold.
For more information on loans that we offer, visit our website.
