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$2,150,000 First Mortgage – 4-Family Brooklyn Investment

 

H&O Capital Closes $2,150,000 First Mortgage

During the Covid-19 pandemic, the borrower in this transaction ran into trouble with his current lender due to some tenant payment issues. His current lender was pressuring him to pay them off, and even instituted the default rate, despite being only one month behind on his payments. Due to the time crunch, the borrower needed somebody who could get his deal closed quickly. H&O Capital Funding stepped in and were able to get him the money he needed in just 2.5 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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$440,000 First Mortgage – 2-Family Investment – Garfield, NJ

 

$440,000 First Mortgage – Two-Family Investment

In this scenario, the borrower was looking for a small cash out on his recently renovated 2-family home in Garfield, NJ to help complete another project he was working on. Due to the nature of his work as a contractor without a W-2, as well as a few questionable financial decisions in the recent past, he was having some difficulty qualifying for a conventional loan. In stepped H&O Capital to provide the bridge financing the borrower needed. The loan was closed in just over 3 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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$4,000,000 First Mortgage – Development Site – Bronx, NY

 

$4,000,000 First Mortgage – Bronx Development Site

An up and coming developer contacted H&O Capital Funding looking for some financing for his development project in the West Bronx. The borrower needed cash to start the demolition and construction on 5 contiguous lots, currently improved by vacant two-family homes on each lot. The developer was referred to H&O Capital by their architect, who is a long time friend of H&O, as well as a previous borrower. The sites combine to form an approximately 12,725 SF site in an R8 zone with 76,000+ SF in buildable square feet. H&O Capital closed the deal in under three 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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$4,000,000 First Mortgage – Development Site – Bronx, NY Read More »

$1,300,000 First Mortgage – Freemason owned Mixed-Use property – Brooklyn, NY

 

$1,300,000 First Mortgage – Freemason owned Mixed-Use Property- Brooklyn, NY

This was another repeat borrower for H&O Capital Funding, and they coincidentally were also a fraternal order of Freemasons based out of Brooklyn.  The borrowers had an existing first mortgage with H&O for $750,000 and needed to clear some cash for property improvements. The retail space at the property is fully leased to a small grocery store and the Freemasons occupy the upper 3 floors, where they want to do the renovation work.  Although it took some time to get all board members to sign off on the loan, H&O was still able to close the loan in 3 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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$450,000 Second Mortgage – Masonic Temple – Brooklyn, NY

 

$450,000 Second Mortgage – Masonic Temple – Brooklyn, NY

A fraternal order of Freemasons based out of Brooklyn, NY came back to H&O Capital Funding looking for a bit more cash to help clear off some debts that had accumulated during the pandemic. The borrowers, who rely on the proceeds from renting out the temple for various events, have not been able to host an event since the pandemic began. There really wasn’t a good option to quickly raise some funds to take care of their outstanding debts, aside from a membership assessment, which they desperately wanted to avoid. Based on their current relationship with H&O Capital they reached out looking for a small second mortgage to keep them afloat until things open up again. Despite a few title insurance issues,  the loan closed in less than 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 …

$450,000 Second Mortgage – Masonic Temple – Brooklyn, NY Read More »

$450,000 First Mortgage – 3-Family Bronx Investment

 

H&O Capital Funding Closes $450,000 Loan

Due to the Covid-19 pandemic, the borrower in this deal was hitting a lot of roadblocks as he tried to pay off his current mortgage that was coming due. Having only recently completed his renovation, the borrower did not have time to find tenants during this challenging period for landlords. A number of lenders turned him down indicating they would only proceed once the property was stabilized. In stepped H&O Capital Funding, who understood the dilemma the borrower faced and were able contrive a deal that worked for both the borrower and H&O Capital Funding.

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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$1,300,000 First Mortgage – Medical Office – Yonkers, NY

H&O Closes $1,300,000 First Mortgage on Medical Space

This borrower was in a tight spot when they came to H&O Capital for financing on their repurchase of a property from bankruptcy. Having successfully bid for the property, the borrower had very little time to come up with the cash for the purchase. He needed a lender knowledgeable of the market and location who wouldn’t be deterred by a borrower coming out of bankruptcy.  H&O Capital stepped up and provided the funding he needed to close the deal just in time for New Year’s.

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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$2,450,000 First Mortgage – Ground Leased Site – Brooklyn, NY

H&O Closes $2,450,000 First Mortgage on Brooklyn site

This was another unique situation that needed a lender with know-how and experience to get closed quickly. In this deal, the borrower owns an old movie theater with a partner that is now encumbered by a 99-year ground lease to a developer. In and of itself, this is not all that unique a situation, however, only one of the owners (the borrower) was looking for financing creating an odd scenario. Thankfully for the borrower, H&O Capital was able to structure the loan in a way that allowed the borrower to get the funds they were looking for, while limiting the exposure of his partner’s interest. H&O Capital was able to close the deal in just shy of 3 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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$16,700,000 First Mortgage – Development Site – Bronx, NY

 

$16,700,000 First Mortgage – Bronx Land

H&O Capital Funding recently closed on a $16,700,000 first mortgage for the purchase of an approximately 59,000 SF site with R9A zoning and a C2-4 commercial overlay. The site is currently occupied by the purchaser, who had an option to purchase the site in his lease. Talk about being in the right place at the right time! The owner plans on flipping the property to a developer to take advantage of the huge amount of as-of-right buildable square footage. There were a few hiccups along the way, but H&O Capital was able to close the loan in just under a month despite having to work around the holidays.

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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$2,000,000 First Mortgage – Private School – Queens, NY

 

H&O Capital Funding Closes $2,000,000 First Mortgage

In this deal, the school sits on a large, valuable piece of land that has had a lot of interest from a number of well known developers. The school has no plans of relocating, but due to the size of the lot, there is a real opportunity to subdivide the property and sell off a portion in the future. Unfortunately for the school, there were not enough free funds in the budget to allocate towards investigating and possibly pursuing this scenario. Enter H&O Capital Funding to give the school the breathing room (aka the money) needed to explore their options without the budget constraints of the past. H&O Capital was able to close the loan in just over 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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