Commercial Lending Blog

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

loan process

Posted on Aug,02 2019
by Rich Salinaro

– $1,700,000 Blanket First & Second Mortgage – Mixed-Use Property & Development Piece – Westfield, NJ

  $1,700,000 Blanket First & Second Mortgage - Mixed-Use Property & Development Piece - Westfield, NJ The borrower in this deal is a developer who has done a lot of work in Northeast New Jersey. Having hit a few roadblocks with his conversion of a vacant property from office to residential use, he needed some funds to pursue the issue with the town. A vacant property without the approvals for redevelopment isn't very marketable and most lenders were stymied trying to und...

– $500,000 First Mortgage – Single-Family Investment – Milford, CT

  $500,000 First Mortgage - Single-Family Investment - Milford, CT This deal was an odd one from the start. The borrower came to H&O Capital Funding looking for $500,000 on a $1,300,000 purchase price, with the seller holding the balance as a second mortgage. Because the seller illegally re-configured the home to a four-family home, both he and the borrower/buyer understood that conventional financing was out of the question. Not only was the home non-conforming with the CO,...

Posted on Jul,31 2019
by Rich Salinaro


Posted on Jul,26 2019
by Rich Salinaro

– $550,000 First Mortgage – Mixed-Use Building – Brooklyn, NY Copy

  $550,000 First Mortgage - Mixed-Use Building - Brooklyn, NY In this deal, the borrower came to H&O Capital Funding needing some money to finish up some renovations he was doing to his property in the Clinton Hill . The property consisted of two apartments and one commercial space that was divided into 3-4 smaller spaces for separate tenants. With plenty of value in the property, the loan was a no-brainer for H&O Capital Funding. Despite a few legal hurdles, the loan cl...

– $350,000 First Mortgage – Two-Family Investment – Yonkers, NY

  $350,000 First Mortgage - Two-Family Investment - Yonkers, NY H&O Capital Funding was approached by a friend of the firm for a quick loan on a two-family investment property in the Woodlawn section of Yonkers, NY. The borrower inherited the property from his parents and keeps the property free and clear, only using the equity in this deal to help pay off some other debts. Both the borrower and H&O Capital investors were happy to get the deal done quickly as it closed i...

Posted on Jul,25 2019
by Rich Salinaro


Posted on Jul,17 2019
by Brenda Sigurdson

Hard Money Lender

– Beware Of Rates That Are Too Good To Be True

Hard Money Rates In our last blog – “Tips On How To Choose A Hard Money Lender”, we touched on money lenders who are promoting low interest rates and to be wary of these lenders.  In this blog, we are going to go a little more in-depth on this topic. Hard Money Loans are for real estate investors who either don’t have a great credit score and/or need money fast and don’t want to go through the red tape that a traditional lender would need to qualify them for a loan.  Because of t...

– Tips on How to Choose a Hard Money Lender

What is their reputation? When choosing a bridge/hard money lender, one of the most important (if not the MOST important factor) is the reputation of the Lender. Over the past 3-5 years there has been a vast increase in the number of hard money lenders and not all of them have the greatest track records. A great place to begin searching might be to ask friends, colleagues, fellow investors of any Lenders to avoid. With the sheer number of banks/lenders out there, it may be difficult to narro...

Posted on Jun,20 2019
by Brenda Sigurdson

Hard Money Lender

Posted on Apr,08 2019
by Rich Salinaro

– $350,000 First Mortgage – Three-Family Investment – Yonkers, NY

$350,000 First Mortgage - Three-Family Investment - Yonkers, NY H&O Capital Funding was approached by one of their repeat borrowers for a quick loan on a three-family investment property in Yonkers, NY. The borrower keeps the property free and clear, using the equity to pull out some cash when needed for other deals he has going on. In this case, this is the third time H&O Capital has lent on the property, enabling them to close the loan in under a week. Both the borrower and H&am...

– $350,000 First Mortgage – Mixed-use property – North Bergen, NJ

$350,000 First Mortgage - Mixed-use property - North Bergen, NJ H&O Capital Funding was approached by this borrower looking to borrow some funds to help cover some of his costs on another deal he was working on. The biggest issue was the timing as he had to close in under two weeks so that he didn't lost the other deal he was pursuing. H&O Capital Funding stepped up to get the borrower cash he needed to close on his other deal in just over a week. H&O Capital Funding &...

Posted on Apr,05 2019
by Rich Salinaro


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