Commercial Lending Blog

Posted on Jul,05 2018
by Rich Salinaro

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

$200,000 First Mortgage - Single Family Investment - Oakland, NJ H&O Capital Funding recently was 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. 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 the funds he needed to get the deal closed in two weeks. For more inf...

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

$1,060,000 First Mortgage - Single Family Investment - Mamaroneck, NY H&O Capital Funding recently 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 tit...

Posted on Jun,26 2018
by Rich Salinaro


Posted on Jun,19 2018
by Rich Salinaro

– $1,100,000 Second Mortgage – 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. 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 for a $1,100,000 secon...

– $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. 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 under two weeks, making for some very happy invest...

Posted on Jun,05 2018
by Rich Salinaro


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

Posted on May,16 2018
by Rich Salinaro

cross collateralization loan

– $295,000 First Mortgage and Cross Collateralization – Bronx, NY

$295,000 First Mortgage and Cross Collateralization - Bronx, NY H&O Capital Funding was contacted by another one of their repeat borrowers with an interesting proposition about two months back. The investor had won a former gas station property on Gun Hill Road at auction and needed a loan to close the deal. Thankfully for the investor, the deal was contingent on clean Phase I and Phase II environmental reports. These reports take time to develop, which was why the deal was delayed for se...

– $800,000 Blanket Mortgage – Three multi-family properties in Port Chester, NY

$800,000 Blanket Mortgage - Three multi-family properties in Port Chester, NY A young real estate investor came to H&O Capital Funding looking for a loan across two properties in Port Chester, NY. The investor currently had a blanket loan across all three multi-family properties he owned and was hoping to refinance and keep one of the three properties free and clear. Unfortunately, because of some IRS and State tax liens that he was looking to pay off, the numbers just didn't work and he ...

Posted on May,15 2018
by Rich Salinaro

blanket mortgage

Posted on May,14 2018
by Rich Salinaro

retail properties

– $500,000 Blanket 2nd Mortgage – Two Retail Properties in Montauk, NY

$500,000 Blanket 2nd Mortgage - Two Retail Properties in Montauk, NY H&O Capital Funding was contacted by one of their repeat borrowers for a quick $500,000 second mortgage on two retail properties in Montauk, NY. H&O Capital actually holds one of the first mortgages, $2,000,000 on a single story retail property with a 7-11 corporate lease. The other property used for additional collateral, is a two-story retail property with a restaurant and a large sporting goods store. Both propert...

– 425,000 First Mortgage – Two-Family Investment in Yonkers, NY

$425,000 First Mortgage - Two-Family Investment in New Rochelle, NY H&O Capital Funding was contacted by a local investor, with whom they had done a number of deals in the past, who needed some quick funds to payoff their current first mortgage. The home was recently renovated but due to some recent medical bills the borrower had fallen behind with his payments. H&O Capital was able to get this done within three weeks. We're always happy when we can help out one of our repeat borrower...

Posted on May,10 2018
by Rich Salinaro

First Mortgage

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