Commercial Lending Blog

Posted on Dec,19 2019
by Rich Salinaro

– $750,000 Blanket Mortgage – Two multi-family properties in Westchester

$750,000 Blanket Mortgage - Two multi-family properties in Westchester This deal featured a repeat borrower, who is a young investor in multi-family real estate. The investor came to H&O Capital Funding looking for a loan across two properties in Westchester, one in New Rochelle and the other in Port Chester. The investor was looking for a quick cash out for another business venture he was looking to pursue.  Having had previous dealings with H&O Capital, the borrower knew of H&O ...

– $2,000,000 First Mortgage – Office Property – Scarsdale, NY

  $2,000,000 First Mortgage - Office Property - Scarsdale, NY Quick Closing! The borrower had been working on a refinance with another Lender when it became clear they were not going to be able to perform. The biggest issue the borrower had was the timing, as the other Lender would not have been able to close until the new year. The borrower needed to close by the 20th of December to salvage another deal he was working on. In stepped H&O Capital Funding who guaranteed that t...

Posted on Dec,18 2019
by Rich Salinaro


Posted on Dec,16 2019
by Rich Salinaro

– $1,800,000 First Mortgage – Mixed-Use Property – Manhattan, NY

  $1,800,000 First Mortgage - Mixed-Use Property - Manhattan, NY In this deal, the borrower approached H&O Capital Funding looking for a cash-out refinance to take some equity out of the property. The borrower needed to buy some time to find a tenant for the vacant restaurant at the property. The borrower previously occupied the restaurant himself, but is moving towards retirement and wanted to leave the restaurant business altogether. The cash out allows the borrower to agg...

– $499,000 First Mortgage – Masonic Temple – Brooklyn, NY

  $499,000 First Mortgage - Masonic Temple - Brooklyn, NY A fraternal order of Freemasons based out of Brooklyn, NY came to H&O Capital Funding looking for a quick cash infusion to make some much needed repairs to their beautiful temple in the Clinton Hill area of Brooklyn. Needing new elevators and a new boiler before the cold weather truly sets in, the Freemasons needed to close quickly to get the repairs started before the holidays. H&O Capital was only too happy to p...

Posted on Dec,09 2019
by Rich Salinaro


Posted on Nov,21 2019
by Brenda Sigurdson

hard money loan

– Are There Risks to a Hard Money Loan?

Hard money loans are a useful tool to help borrowers who cannot qualify for a traditional loan for a variety of reasons, including poor credit, pending litigation, foreclosure actions, etc. Like all loans, they do come with a certain level of risk. Hard money lending is different than traditional lending, which is where most of the common pitfalls can be found. Before you dive into this process, here’s what you need to know. Financing Is NEVER Guaranteed Right up until you’ve got the p...

– $225,000 Second Mortgage – Mixed-Use Building- Bronx, NY

  $225,000 Second Mortgage - Mixed-Use Building - Bronx, NY H&O Capital Funding was contacted by an investor who needed some quick funds for another transaction. He knew that he had some equity in his mixed-use property with two apartments and a store in the Morrisania section of the Bronx. H&O Capital was able to close the deal is less than two weeks, allowing the investor close on his other deal without a hitch. H&O Capital Funding  has helped countless re...

Posted on Nov,19 2019
by Rich Salinaro


Posted on Nov,18 2019
by Rich Salinaro

– $300,000 Second Mortgage – YMCA – Tarrytown, NY

  $300,000 Second Mortgage - YMCA - Tarrytown, NY H&O Capital Funding recently closed a second mortgage for the YMCA of Tarrytown. The Y had to make some much needed repairs and needed a quick cash infusion to get it done.  H&O Capital was able to get it done in under two weeks, allowing for the YMCA to make the needed repairs before the winter sets in. H&O Capital Funding  has helped countless real estate buyers, sellers, lessees and lessors achieve their ...

– The Hard Money Closing Process

Hard money loans offer a quicker transaction than you’d get with conventional mortgage lending. The requirements for a loan are simple, as well, and the closing process is typically going to be much easier because there is much less paperwork involved. In order to make sure that the process goes as smoothly as possible, you should prepare yourself and know what to expect at the closing table. The hard money closing process can involve the following types of documentation: Promissory Note...

Posted on Oct,23 2019
by Brenda Sigurdson

Hard Money Lender

Posted on Sep,20 2019
by Rich Salinaro

– $300,000 First Mortgage – Vacant Land – Yonkers, NY

  $300,000 First Mortgage - Vacant Land - Yonkers, NY H&O Capital Funding recently closed a loan on a vacant parcel of land in SouthEast Yonkers, just north of the Bronx. The borrower approached H&O needing a small loan to help him complete his $1m+ purchase, where he plans to build a retail store to take advantage of its busy location. While it took some time to iron out the particulars, the deal closed in a flurry of activity as the sellers were leaving the country for...

– Conventional Lender Loan Process vs. Hard Money Lender Loan Process

If you are ready to invest in Commercial Real Estate, you need to look into the best way to finance your investment. On the debt side, there are typically only two options available, a Conventional Mortgage or a Hard Money Loan.  Below you will find information on the process of these options. Applying for a conventional mortgage can be a slow and arduous process requiring much documentation. At the other extreme, you might be able to secure a hard-money loan in days without producing copiou...

Posted on Sep,17 2019
by Brenda Sigurdson

hard money loan

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