Commercial Lending Blog

Posted on Sep,27 2018
by Brenda Sigurdson

Commercial Real Estate

– Commercial Real Estate Loan Options

Commercial Real Estate Loans Commercial Real Estate Mortgages are used for a variety of reasons but, of course, the underlying reason for all of them is a borrower’s need for cash. Whether it be acquisition, renovation, development or just to free some cash up using the equity of the property, borrowers use commercial mortgages to make up for a shortfall in liquid assets. Commercial real estate loans are typically made to business entities formed for the specific purpose of owning commerci...

– $2,000,000 First Mortgage – Five-Story Townhouse – New York, NY

$2,000,000 First Mortgage - Five-Story Townhouse - New York, NY Recently, H&O Capital Funding was contacted by a few board members of a highly prestigious and well known private club in midtown Manhattan. With an aging headquarters in need of some renovations, the club reached out to H&O Capital Funding for some quick cash to clear up some minor debts and begin to renovate portions of the club headquarters. Although there were a few administrative challenges due the nature of the prop...

Posted on Sep,06 2018
by Rich Salinaro

First Mortgage

Posted on Aug,31 2018
by Rich Salinaro

Commercial Real Estate

– $1,100,000 Third Mortgage – Retail/Apartment complex – Harlem, NY

$1,100,000 Third Mortgage - Retail/Apartment complex - Harlem, NY H&O Capital Funding was again contacted by the same two investors in Harlem needing some funds to add to their balance sheet as reserves.  Thankfully, they still had a lot of equity in the property they own in Harlem with 54 apartments and a retail store. H&O Capital was able to give them cash they needed to pad their reserves in under two weeks. H&O Capital Funding  has helped countless real estate buyers, se...

– $3,250,000 Blanket First Mortgage – Two Apartment Complexes – Danville, PA

$3,250,000 Blanket First Mortgage - Two Apartment Complexes - Danville, PA H&O Capital Funding was recently contacted by a an investor who ran into some trouble with two large apartment complexes in the Danville, PA area. The borrower had some severe flooding issues with another property he owned in the area that weren't covered by insurance. To make the needed repairs he used much of his cash flow from the two apartment complexes over the past two years, falling behind on his mortgage an...

Posted on Aug,30 2018
by Rich Salinaro

Blanket First Mortgage

Posted on Jul,05 2018
by Rich Salinaro

First Mortgage

– $200,000 First Mortgage – Single Family Investment – Oakland, NJ

$200,000 First Mortgage - Single Family Investment - Oakland, NJ H&O Capital Funding was recently contacted by a mortgage broker they've done substantial business with over the past few years. The difference in this deal was that the broker himself was the investor on a property. It was a small deal, but the broker felt he was getting a steal and just wanted to close quickly. H&O Capital stepped up and provided the broker with a $200,000 first mortgage loan that he needed to get the d...

– $1,060,000 First Mortgage – Single Family Investment – Mamaroneck, NY

$1,060,000 First Mortgage - Single Family Investment - Mamaroneck, NY H&O Capital Funding was  contacted by a local investor who needed to refinance the loan on his single family home in Mamaroneck, NY. The borrower ran into some credit trouble during his divorce and wasn't able to seek conventional financing at this time. In stepped H&O Capital to get him the funds he needed to close, and the time he needs to straighten out his credit. There were some minor hiccups (small title issu...

Posted on Jun,26 2018
by Rich Salinaro

H&O Capital

Posted on Jun,19 2018
by Rich Salinaro

Commercial Loan

– $1,100,000 Commercial Loan – Four Family Home – Brooklyn, NY

$1,100,000 Second Mortgage - Four Family Home - Brooklyn, NY H&O Capital Funding recently was contacted by another one of their repeat borrowers for a commercial loan. The borrower needed some quick cash for a deal he was working on in Chicago. Being the savvy investor that he is, the borrower has maintained a very small first mortgage on the property leaving plenty of equity in case he needed it. When the opportunity arose in Chicago, the borrower immediately contacted H & O Capital ...

– $2,500,000 Second Mortgage – Retail/Apartment complex – Harlem, NY

$2,500,000 Second Mortgage - Retail/Apartment complex - Harlem, NY H&O Capital Funding was contacted by two investors needing some short term funds for a deal they were working on and a second mortgage loan is what they needed.  Thankfully, they had a lot of equity in a property they own in Harlem with 54 apartments and a retail store. H&O Capital was able to give them $2,500,000 to help them move along their other deal. H&O Capital was able to get them the funds they needed in u...

Posted on Jun,05 2018
by Rich Salinaro

Commercial Real Estate

Posted on May,29 2018
by Brenda Sigurdson

owner occupied properties

– Owner Occupied Properties

Why is it that Hard Money Lenders don’t want to provide loans for residential properties that are owner occupied. Are lending requirements stricter on owner occupied loans? Due to predatory lending laws, requirements for loans on owner occupied 1-4 family dwellings are indeed stricter. Unfortunately, these laws are bit obscure, so there is no defined interest rate that is considered predatory. In essence, the laws are in place to protect consumers from ending up with loans they simply ca...

– $340,000 First Mortgage – Mixed-Use Property – Bronx, NY

$340,000 First Mortgage - Mixed-Use Property - Bronx, NY H&O Capital Funding was contacted by a local broker with a client down in the Bronx who needed some quick funds. The borrower used a mixed-use property with four apartment and three stores (one occupied by his business) as the collateral for a small loan for a cash out to pay some other debts he had accumulated. There were a couple of legal hurdles that had to be dealt with prior to closing but, despite this, it only took H&O Ca...

Posted on May,16 2018
by Rich Salinaro

owner occupied properties

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