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HELVETICA FUNDED BRIDGE LOAN ON MULTIFAMILY PROPERTY IN LONG BEACH, CA

Posted by Ben Wilson on Apr 18, 2017 9:52:26 AM
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LONG BEACH, CA - The Helvetica Group announced the funding of a purchase loan for a multi-family property in Long Beach, California. Helvetica’s loan was a secured by a first trust deed and covered 65% of the total acquisition cost. The property is a 10-unit, 6,000 square foot apartment building that was 70% occupied and collecting below market rents. The borrower acquired the property with the intent of adding value by leasing up the remaining vacant space and increasing rents. Once stabilization efforts are finalized, the borrower intends to sell the property and payoff Helvetica's bridge 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:

  • Bridge Financing
  • Value-Add
  • Stabilization
  • Quick closing
  • Purchase Loan
 
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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, Small Balance