Commercial Lending Blog

Posted on Oct,13 2020
by Rich Salinaro

– $350,000 Second – Mixed-Use Property – Queens, NY

  H&O Capital Funding Closes $350,000 Second Mortgage Second mortgages can make some lenders nervous. That was not the case for H&O Capital Funding, who had the experience and know-how to close on this mixed-use property in the Rego Park section of Queens. The borrowers came to H&O Capital Funding looking for a small 2nd mortgage so they could use the cash to close on another deal in Florida. The borrowers had a TOE closing for the end of October and they needed a le...

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

  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...

Posted on Oct,05 2020
by Rich Salinaro


Posted on Sep,28 2020
by Brenda Sigurdson

Hard Money Lenders

– Myths vs. Facts: Hard Money Lenders Perform Very Little Due Diligence

True or false: Hard money lenders look only at the property they are underwriting, and do NOT look at the investor? In short, the answer to that question is "false." For all lenders, even conventional lenders, the most important factor in any loan is the underlying asset to be mortgaged. This is especially true for hard money lenders. On a stabilized asset, with a good debt coverage ratio, a hard money lender will rarely, if ever, ask for any personal financials. The property secures the loan...

– $750,000 Second Mortgage – Two 3-Family Investments – Queens, NY

  H&O Capital Funding Quickly Closes $750,000 Loan In this deal, the borrower needed to pull some cash out of two 3-family homes he owned as investments in the East Elmhurst neighborhood of Queens. The borrower needed to close on the purchase of a gas station in Detroit, MI with a TOE closing and needed the cash to complete the deal. There were small balance mortgages on the homes, so H&O Capital did a blanket second mortgage on both properties behind the conventional fi...

Posted on Sep,25 2020
by Rich Salinaro


Posted on Aug,17 2020
by Rich Salinaro

– $550,000 First Mortgage – 2-Family Investment – Queens, NY

  H&O Capital Funding Closes on $550,000 Loan The borrower in this deal was doing a favor for a business partner of his who ran into some financial trouble. The borrower agreed to purchase the home and lease one of the units back to his partner to allow the partner quick access to some cash. While a simple deal on the surface, there were a number of legal hoops that needed to be jumped through to make the deal happen. H&O Capital persevered and were able to get the deal ...

– Myths vs. Facts: Hard Money Loans are Very Expensive

There is a lot of misinformation out there on Hard Money lending, and a lot of it comes from the way the loans are marketed by the competition. Many traditional lenders will advise against hard money loans because they are “too expensive” or supposedly have too many fees or additional charges attached. This is far from the reality of the situation. Typically, hard money loans cost more than traditional loans, however, they typically have shorter terms and the high interest rates encourage...

Posted on Aug,05 2020
by Brenda Sigurdson

Hard Money Lenders

Posted on Jun,23 2020
by Brenda Sigurdson

Hard Money Lenders

– Myths vs. Facts: Hard Money Lenders are Unregulated

Hard money loans are a great resource, but they are also one that is often misunderstood. One of the bigger misconceptions about this type of lending is that hard money lenders are unregulated or under-regulated, which increases the level of inherent risk for borrowers. The truth of the matter is that legitimate lenders are regulated, and they provide a reputable financial solution for alternative real estate investments that can’t benefit from traditional funding and home loans. Who Regula...

– Myths vs. Facts: You Don’t Need a Down Payment with a Hard Money Loan

Those who are just starting out using hard money loans as a commercial real estate investor often wonder whether they actually need to have a down payment. Since hard money lenders are typically companies or private individuals, it’s a natural question to ask. However, there is a lot of misinformation surrounding loans from hard money lenders. Let’s take a closer look. Hard money loans are asset-based, which means they utilize the property as collateral. Real estate investors often choose...

Posted on May,20 2020
by Brenda Sigurdson

Hard Money Lenders

Posted on May,04 2020
by Rich Salinaro

– $1,900,000 Blanket Mortgage – Mixed-Use Development & Three-Family Investment Home – Multiple Locations

  $1,900,000 Blanket Mortgage - Mixed-Use Development & Three-Family Investment Home - Multiple Locations One of H&O Capital Funding's repeat borrowers reached out in the midst of the shut down around the tri-state area due to Covid-19. The borrower had been working on the construction of a mixed-use property with two stores and eight apartments in Bayonne, NJ. The property was a single story retail property when he purchased it in 2016. Over the past 3.5 years the borro...

– Hard Money Lending Still an Option with H&O Capital Funding LLC

With the threat of COVID-19 on the rise, the world is facing trying times, and this has caused many lenders to start reducing their offerings or simply put a pause on lending altogether. However, we understand that there is still a need for quality lending to be made available, which is why H&O Capital Funding LLC is still active. Given the state of the economy, it is entirely understandable that many people have a need for liquidity today and we want to be able to help. We’ve worked to st...

Posted on Apr,07 2020
by Brenda Sigurdson

Hard Money Lenders

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