News & Deals

HELVETICA CLOSES $1.565 MILLION BANK RATE LOAN ON MIXED USE BUILDING IN ASHEVILLE, NC

Posted by Ben Wilson on Oct 25, 2016 7:51:23 PM
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ASHEVILLE, NC - Helvetica provided permanent financing on a mixed-use building in Asheville, North Carolina.  The borrower had a looming balloon payment that required a quick closing. Helvetica was approached by a reputable broker representing a borrower who owned two mixed-use properties in Asheville, North Carolina. The borrower had an existing mortgage that wrapped both properties, but the loan had an upcoming maturity date. The borrower needed to refinance their maturing loan with permanent debt. The strong cash flow from the properties coupled with the borrower's exceptional credit and liquidity qualified the deal for Helvetica's bank rate program. Helvetica was able to provide the borrower with a $1,565,000 loan with a 10 year term at a 4.375% interest rate.
 
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:
 
  • Looming balloon payment
  • Mixed use property
  • Permanent financing
  • Good credit
  • Quick closing
  • Bank rate
 
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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