News & Deals

HELVETICA FUNDED LOAN | $650K BRIDGE LOAN ON COMMERCIAL OFFICE IN LOS ANGELES, CA

Posted by Ben Wilson on Aug 28, 2017 3:37:55 PM
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LOS ANGELES, CA - Ben Wilson, Director of Lending at Helvetica Group, provided another bridge loan to an unbankable loan scenario.  The borrowers owned the property free and clear and needed a cash out refinance to payoff high interest business debt.  The property was vacant and didn't quality for a bank loan.  The cash out provided by the Helvetica bridge loan provided an opportunity for the borrower to make cosmetic property improvements in order to offer the building for lease.  Once stabilized the borrower expects to refinance into a more traditional commercial loan.  
 
Helvetica offers a wide range of loan products for commercial and investment properties. We provide common sense underwriting and creative financing options for every loan scenario. Contact us today for a quick close without the hassle of traditional bank financing. 
 
Deal Highlights:
 
  • 12,315 SF commercial office building
  • No prepayment penalty
  • Low LTV
  • Vacant property
  • Payoff high cost business loans
  • Cash out for improvements
  • Bridge loan 12 month term
 
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 About Helvetica

The Helvetica Group is a a real estate investment bank and family office providing innovative private lending, distressed asset acquisitions, brokerage, investment management and family office services. Helvetica aggregates investor capital in pursuit of greater alpha by targeting diligently underwritten, alternative investments secured by real estate assets. Helvetica is a direct lender and invests on behalf of individual investors, trusts, pension plans, retirement funds and institutional investors. We work closely with brokers, bankers, lenders and financial advisors as strategic partners to provide clients with fast access to financing, affording them the opportunity to quickly leverage their real estate assets. The Helvetica Group and its affiliates provide alternative financing secured by a variety of property types including: residential, retail, office, apartments, storage, RV parks, mobile home parks, light industrial, mixed use and other special use properties.

Topics: Deals, Loans