LOS ANGELES, CA (February 2, 2017) - Ben Wilson, Director of Lending and Acquisitions, arranged for another Helvetica small balance commercial loan refinance of a Church building in Los Angeles. A non-profit organization has owned the building for over 30 years and was facing a looming maturity. Inconsistent income, credit challenges, low cash balances and a quick closing, made this loan an unlikely candidate for a traditional bank loan.
The mortgage broker brought the loan request to Helvetica after having several successful alternative loan closings. Confidence in closing, process transparency, and common sense underwriting gave the borrower and broker certainty in execution. "We continue to fund high equity loans when banks say no. We have several church borrowers in our portfolio and welcome the opportunity to fund bank turn downs when the loan to value is below 60%," said Chad Mestler, CEO of Helvetica Group.
Deal Highlights
- Church loan
- Low cash reserves
- Credit challenges
- Alternative income documentation
- 35 years owner
- Maturing loan
- Cash out for improvements
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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.
