Houlihan & O'Malley Commercial Real Estate

– $265,000 First Mortgage – Two-Family – Bronx, NY

Posted on Feb,19 2019
by Rich Salinaro in Blog

$265,000 First Mortgage – Two-Family – Bronx, NY

H&O Capital Funding was approached by this borrower looking to borrow some funds to help finish his renovation of a 3-family dwelling. The only issue was that the Certificate of Occupancy indicated that the property was a 2-family home, not a 3-family. Because of this discrepancy, the borrower could not get conventional financing and needed a lender with the experience and the know-how to help him navigate the department of buildings.H&O Capital Funding stepped up to get the borrower some much needed cash to help him finish the renovation along with some advice as to how to convert the property to a legal 3-family home. H&O Capital was able to close the loan in just two weeks.

H&O Capital Funding  has helped countless real estate buyers, sellers, lessees and lessors achieve their goals. Our legacy is unwavering commitment to the communities we serve. Houlihan & O’Malley Commercial Real Estate Services specializes in four distinct, yet overlapping, areas of business: Commercial Brokerage services, Private Mortgage services, Appraisal Services and Advisory services.

For more information on loans that we offer, visit our website.

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