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HELVETICA FUNDED LOAN | $1.766MM BRIDGE LOAN ON 3 NNN RETAIL PROPERTIES IN COLUMBUS, OH

Posted by Ben Wilson on Oct 21, 2017 1:21:23 PM
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COLUMBUS, OH - Helvetica funded another broker originated $1,766,000 bridge loan to refinance and consolidate maturing debt on three NNN retail buildings with complex title issuesThe subject collateral consisted of two Burger King restaurants and one two-tenant retail building which featured Sherwin Williams as the anchor tenant. 
 
One of the properties had an easement issue which needed to be resolved before the loan could fund. Through great coordination between the broker, and borrower's counsel, Helvetica helped navigate the title issues in order to payoff the looming balloon payment. Helvetica provided $1,766,000 in bridge financing to pay off the current debt and give the borrower time to refinance into more permanent financing.
 
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:
 
  • Maturing Debt
  • Complex Title Issues
  • Cross Collateral
  • Strong Borrower
  • Bridge Loan
  • Broker Submission
 
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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, Brokers, NNN, Small Balance