– $285,000 First Mortgage – Freestanding Restaurant Property – Glen Cove, NY

Posted on Feb,05 2019
by Rich Salinaro in Blog

$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 of his own savings rebuilding the restaurant, the restauranteur and the landlord had a falling out. To make a long story short, there was a court ordered sale of the restaurant from the landlord to the restauranteur. In stepped H&O Capital Funding to get the restauranteur the funds he needed to close on the property. Despite a few hiccups along the way provided by the seller, H&O Capital was able to close the loan in just a month.

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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