Chord gave us a little back story on the song, revealing that someone gave him the single FIRST! Unfortunately, at the time he didn't have a record deal, so the song was rescinded and passed along to Shawn Mendes eventually.
A few years later, Chord was in Whole Foods when he heard Shawn's version playing over the sound-system!
We wonder what Shawn thinks of the cover.... because we LOVE IT!
Overstreet, 28, has a four-track EP out right now, titled The Tree House Tapes. He's working on a full album, but doesn't have a released date yet!
Check out Chord's in-studio performance of his single "Hold On" + some of the amazing celebrity impressions he did for us during the interview below!