Our Blog

HELVETICA FUNDED LOAN | $1.2MM LIGHT INDUSTRIAL ASSET IN FT LAUDERDALE, FL

Posted by Chad Mestler on Aug 13, 2018 6:33:39 PM
 IMG_3142
 
FT LAUDERDALE, FL - Helvetica was approached by a broker in search of a 50% LTV bridge loan for their client, who needed a quick close on a cash out refinance. The borrower owned a light industrial property in Fort Lauderdale, FL that was owner occupied and owned free and clear. The borrower was the victim of recent identity theft creating chaos in his personal and business finances and resulting in a very low poor credit score. Banks were unwilling to lend. 
 Through great coordination with the broker, Helvetica was able to provide the borrowers with a 12 month bridge loan.  The borrower received the working capital needed to operate the business, address the identity theft and repair credit. 
 
Deal Highlights:
 
  • Quick Close
  • Cash Out Refinance
  • Owner User Property
  • Credit Issues, Identity Theft
  • Bank Turn-down
  • Bridge Loan
 
Helvetica offers a wide range of loan products for both 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.
 
Have a loan like this? 
 

 Submit Your Loan Here

 

 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, Small Balance