– $2,000,000 First Mortgage – Private School – Queens, NY

Posted on Nov,10 2020
by Rich Salinaro in Blog

 

H&O Capital Funding Closes $2,000,000 First Mortgage

In this deal, the school sits on a large, valuable piece of land that has had a lot of interest from a number of well known developers. The school has no plans of relocating, but due to the size of the lot, there is a real opportunity to subdivide the property and sell off a portion in the future. Unfortunately for the school, there were not enough free funds in the budget to allocate towards investigating and possibly pursuing this scenario. Enter H&O Capital Funding to give the school the breathing room (aka the money) needed to explore their options without the budget constraints of the past. H&O Capital was able to close the loan in just over two weeks.

H&O Capital Funding  has helped countless real estate buyers, sellers, lessees and lessors achieve their goals. Our legacy is unwavering commitment to the communities we serve. Houlihan & O’Malley Commercial Real Estate Services specializes in four distinct, yet overlapping, areas of business: Commercial Brokerage services, Private Mortgage services, Appraisal Services and Advisory services.

For more information on loans that we offer, visit our website.

 

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