Recent Posts
HELVETICA FUNDED LOAN | $1.55M 1031X PURCHASE LOAN, DOLLAR GENERAL NNN, TX
Posted by
Jaden Jeter on Jul 5, 2020 8:54:51 PM
VARIOUS LOCATIONS, TX -
Helvetica Group worked with broker Marcus & Millichap to provide purchase financing for the acquisition of a 3 store, Dollar General NNN portfolio. This bridge loan helped their client meet a 1031 exchange, hard closing date and avoid a large tax liability. The loan was for 12 months and did not have a prepayment penalty.
Despite some temporary credit challenges, Helvetica was able to fund this loan in the middle of the COVID pandemic while banks and institutions were temporarily closed to new funding.
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HELVETICA FUNDED LOAN | $2.75MM CONSTRUCTION TAKEOUT/MULTI FAMILY, SAN FRANCISCO, CA
Posted by
Jaden Jeter on Oct 2, 2019 2:23:46 PM
SAN FRANCISCO, CA - The Helvetica Group, originated a cash out loan for a recently completed construction of a new multifamily property that was rented with short-term, AirBnb tenants. The borrower was previously turned down by 3 banks. Helvetica worked with a broker to source a three-year, fixed-rate loan at 5.35%. The borrower was given an interest-only option for the first two years to help with early cash flow and to support a strategy to sell the property within 3 years. The loan was underwritten using higher AirBnb rents and with limited seasoning.
The complex nature of the multi-family property being used for AirBnB rentals, the need for a quick close, and limited seasoning prevented this borrower from obtaining a bank loan.
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HELVETICA FUNDED LOAN | $5.2MM REFINANCE LOAN, OFFICE BUILDING IN DOWNTOWN BALTIMORE, MD
Posted by
Jaden Jeter on Jun 20, 2019 12:28:59 PM
BALTIMORE, MD
- Jaden Jeter with The Helvetica Group, originated a refinance loan secured by an office building in downtown Baltimore, MD just one short block from the courthouse. The borrower will use the loan to pay off current debt and provide a bridge to a construction loan to re-purpose the building as mixed use, including retail, hospitality, and office. High vacancy, short term leases, and time constraints prevented the borrower from obtaining a bank loan.
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HELVETICA FUNDED LOAN | $2.7M BRIDGE LOAN TO RETAIL CENTER IN HINDSDALE, NH
Posted by
Jaden Jeter on Oct 5, 2017 7:43:30 AM
HINSDALE, NH - Congratulations to Jaden Jeter for closing a $2,700,000 commercial real estate bridge loan in Hinsdale, NH. Helvetica funded the refinance of a matured loan and financed the TI for a new credit anchor tenant in a 122K square foot retail center. High vacancy, lease expirations, speed of execution, seasoning and DSCR hurdles prevented this borrower from getting conventional financing. We continue to fund the #unbankable. Reach out to discuss your difficult commercial real estate loan.
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