Houlihan & O'Malley

About Houlihan & O'Malley

Based in Bronxville, NY, Houlihan & O'Malley is a private lender providing loans in New York, New Jersey, and Pennsylvania. Their lending focus is mainly on commercial hard money loans. They make loans on numerous property types, including multi family residences, apartments, office units, retail spaces, mixed use, and industrial buildings.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Mixed Use, Industrial

Areas Served: NY, NJ, PA

Lending Guidelines for Houlihan & O'Malley

Below are the general loan guidelines published on the Houlihan & O'Malley website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Houlihan & O'Malley.

Loan Example 1

In order to purchase a new commercial building for his business, Justin turns to Houlihan & O'Malley to fund his acquisition with a commercial hard money loan because he cannot obtain a commercial mortgage from a bank. The list price of the property is $350,000 and the lending company agrees to fund 80% of the cost (the loan to value / "LTV"), or $280,000. The remaining $70,000 will be contributed by the borrower when the loan is closed. Additionally, the lender requires a 5 point origination fee in combination with the 8%, 18 month term on the deal. They will not charge a pre-payment penalty if Justin pays off the loan early. Justin can eliminate the loan at any point if he pays back the $280,000 in principle, however, he will have to pay $1,867 monthly interest payments ($280,000 principle amount x 8% interest / 12 months in a year) in the meantime, or up to the point the loan expires. Since there is not a pre-payment penalty, the only other expense he will have to pay is the $14,000 origination points which he will pay when the loan closes.

Loan Example 2

Francisco finds a property in Brooklyn, NY to renovate and sell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Houlihan & O'Malley with the following parameters:

$300,000 sales price
85% loan to value (LTV)
6 month term
9% rate of interest
2% origination fee

Assuming a $390,000 sales price after the 6 month term, the outcome for the deal would look like this:

$390,000 sales price
- $255,000 principle (85% LTV)
- $45,000 down payment (15% on 85% LTV)
- $5,100 origination fee (2% of the $255,000 principle amount)
- $11,475 interest payments (6 months x 9% interest)
-----------------------
= $73,425 gross profit (doesn't include taxes or rehab costs)

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