– $550,000 Blanket First Mortgage – Mixed-Use Property and Single Family Investment – Waterbury, CT & New Britain, CT

Posted on Oct,05 2020
by Rich Salinaro in Blog

 

H&O Capital Funding Closes $550,000 Blanket Mortgage

H&O Capital recently closed a blanket $550,000 loan on two properties in Connecticut. The first property was a mixed-use building with 10 apartments and two stores in Waterbury, CT and the second property was a single-family home in New Britain, CT. The borrower had run into some issues with his previous lender on the Waterbury, CT property and needed a bridge loan to bail him out. He threw in the small single-family invest property as a way to keep the LTV down. There were numerous delays as the municipalities are working at half staff and title docs were hard to come by, but H&O stuck with it and got the deal closed.

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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