HOLLYWOOD, CA - Helvetica provided a $1.7 million bridge loan to refinance a looming balloon payment on a mixed use, retail building in Los Angeles, CA. The loan was originated by a local mortgage broker who reached out to Helvetica requesting a quick closing. The borrower wanted to sell the property but first needed to make several renovations to the building. Helvetica stepped in and quickly funded the stabilization loan and provided cash out for the borrower to make the necessary property improvements.
Deal Highlights
- Bridge loan
- Unstabilized
- Insufficient income
- Balloon payment
- Cash out for improvements
- Quick closing
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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.
