foreign national and has owned the property since it was constructed in 1997. The borrower needed bridge financing to pay off maturing debt, and to finish improvements for a new tenant who recently signed a 5-year NNN lease. Through great coordination by the broker, Helvetica was able to quickly close and pay off the current lender while providing enough cash out to complete improvements. The property will be a candidate for conventional bank financing once the lease is seasoned and the sponsor can show historical operating income.
AMARILLO, TX - Ben Wilson of Helvetica identified an exchange property for a private investor's 1031 exchange upleg. The investor needed to quickly identify a substitute property to qualify for a 1031 exchange and defer a substantial amount of tax liability.The investor's financial advisor and CPA referred him to Helvetica as a trusted source to provide advise on acquiring and financing commercial real estate. Helvetica was able to scour the country side within a few days and find a suitable, low risk, worry free, cash flowing investment located in Amarillo, TX. The single tenant retail building was leased to a credit tenant and was generating a 5.6% return (cap rate).
Using an alteranative bridge lender for financing 1031 exchanges often provides the best solution. This type of financing gives the most certainty for closing on time and is well worth the extra interest and fees that may be charged, when compared with the high taxes that could be incurred otherwise.
ST. PETERSBURG, FL (December 31, 2015) - Chad Mestler, CEO of Helvetica Group, arrannged for the purchase of a vacant hospital, formerly known as the Ed White Hospital in St. Petersburg, FL. This 6 story, 121,000 sq. ft. building is an ideal opportunity for an adaptive reuse development. Ideally suited for assisted living, senior housing, veterans housing, immigrant children housing, single resident occupancy or multifamily. The neighborhood of Kenwood is a very desirable residential area in St. Petersburg, Florida. Kenwood is located just 2 miles from downtown St. Petersburg, and 15 minutes from downtown Tampa.
LOS ANGELES (August 3, 2016) - Helvetica refinanced a recently matured private money loan. The borrower was a non profit that owned a chuch building located in Los Angeles. The transaction was structured with a 20 year amortization and a 7 year maturity which enabled the borrower to payoff the existing debt as well as lower their monthly payment.
LA JOLLA, CA (November 30, 2016) - The Helvetica Group provided a low loan-to-value bridge loan secured by one junior trust deed on three luxury single family homes located in prestigious neighborhoods in La Jolla, CA. The homes were non-owner occupied investment properties and were in excellent locations. The loan was to a sucessful tech entrepreneur and the proceeds were to be used to provide venture debt to an early stage biotech company.