--- title: HELVETICA FUNDS SMALL BALANCE MULTIFAMILY LOAN IN SANTA MONICA WITH LOOMING BALLOON PAYMENT, CREDIT CHALLENGES description: small balance commercial loans, private money, hard money, multifamily, credit challenges image: https://blog.helveticagroup.com/hubfs/1-1.jpg --- [![Helvetica Group](https://blog.helveticagroup.com/hubfs/TheHelveticaGroup-Apr2016/Images/logo.jpg "Helvetica Group")](http://www.helveticagroup.com/) - [Home](http://www.helveticagroup.com/) - [About Us](http://www.helveticagroup.com/about-us) - [Careers](http://www.helveticagroup.com/careers) - [News](http://www.helveticagroup.com/news) - [Contact Us](http://www.helveticagroup.com/contact-us) - Enter Symbol:  - Symbol Lookup - [Services](http://www.helveticagroup.com/services) - [Lending](http://www.helveticagroup.com/services/services-lending) - [Investment Management](http://www.helveticagroup.com/services/investment-management) - [Investment Banking](http://www.helveticagroup.com/services/investment-banking) - [Family Office Services](http://www.helveticagroup.com/services/familyoffice-services) - [Property Management](http://www.helveticagroup.com/services/property-management) - [Real Estate Brokerage](http://www.helveticagroup.com/services/real-estate-brokerage) - [Transactions](http://www.helveticagroup.com/transactions) - [Investments](http://www.helveticagroup.com/investments) - [Investment Philosophy](http://www.helveticagroup.com/investments/investment-philosophy) - [Alternative Assets](http://www.helveticagroup.com/investments/altassets) - [Trust Deed Investing](http://www.helveticagroup.com/investments/trust-deed-investing) - [Helvetica Funds](http://www.helveticagroup.com/investments/helvetica-funds) - [Investment Sales](http://www.helveticagroup.com/investments/investment-sales) - [Lending](http://www.helveticagroup.com/lending) - [Products & Guidelines](http://www.helveticagroup.com/lending/products-a-guidelines) - [Submit a Loan](http://www.helveticagroup.com/lending/submit-a-loan) - [Alternative Financing](http://www.helveticagroup.com/lending/alternative-financing) - [Brokers & Bankers](http://www.helveticagroup.com/lending/broker-programs) - [Links](http://www.helveticagroup.com/lending/links) - [Research](http://www.helveticagroup.com/research) - [Trading](http://www.helveticagroup.com/trading) - [Partners](http://www.helveticagroup.com/partners) - [Partner Portal](http://www.helveticagroup.com/partners/partner-portal) - [Realtors & Brokers](http://www.helveticagroup.com/partners/realtors-a-brokers) - [Lenders & Bankers](http://www.helveticagroup.com/partners/lenders-a-bankers) - [Advisors](http://www.helveticagroup.com/partners/advisors) - [Affiliates](http://www.helveticagroup.com/partners/affiliates) - [Bank REO](http://www.helveticagroup.com/bank-reo) # News & Deals ## HELVETICA FUNDS SMALL BALANCE MULTIFAMILY LOAN IN SANTA MONICA WITH LOOMING BALLOON PAYMENT, CREDIT CHALLENGES Posted by [Chad Mestler](https://blog.helveticagroup.com/author/chad-mestler) on Aug 23, 2016 8:16:52 AM ![](https://blog.helveticagroup.com/hubfs/Chad_Headshot-602093-edited.jpg) Find me on: [Facebook](https://www.facebook.com/Helvetica-Group-115516865679/) [LinkedIn](https://www.linkedin.com/in/chadmestler) [Twitter](https://twitter.com/HelveticaGroup) - [Tweet](https://twitter.com/share) **![1-1.jpg](https://blog.helveticagroup.com/hs-fs/hubfs/1-1.jpg?width=640&name=1-1.jpg)** SANTA MONICA, CA (July 20, 2015) - Helvetica provided a $305,000 refinance loan on a 5-unit multifamily property in Santa Monica, CA.   The borrower had an existing loan on the property with an upcoming maturity date. The property was 100% occupied and had good cash flow. Despite the fact that the property was stabilized, and located in a highly desirable area, the borrower was unable to obtain conventional bank financing due to some temporary [**credit challenges**](https://helvetica.box.com/s/8mkx4jasi93d67uhl9f7). Helvetica acted quickly to refinance the borrower helping them to avoid a late fee on their [**looming balloon payment**](https://helvetica.box.com/s/8mkx4jasi93d67uhl9f7)**. ** The borrower will be able to utilize Helvetica's bridge loan while they clean up some credit issues and look for permanent bank financing.  The borrower may also be able to take advantage of Helvetica's bridge to perm program.    **Deal Highlights** - Small balance commercial real estate loan - Bridge to Perm - 30% LTV, 8% rate, 60 months term, 2 points - Looming balloon payment - Credit challenges Helvetica uses **common sense** underwriting to offer borrowers an alternative source to traditional bank guidelines.  **Have a Deal Like This?** [![Get a Quote](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/2105515/c5250b23-567f-4233-a682-9208e045f4b7.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/2105515/c5250b23-567f-4233-a682-9208e045f4b7) Topics: [Deals](https://blog.helveticagroup.com/topic/deals), [Loans](https://blog.helveticagroup.com/topic/loans) ### Get Deal Updates ### Recent Posts ### Posts by Topic - [Loans (40)](https://blog.helveticagroup.com/topic/loans) - [Deals (39)](https://blog.helveticagroup.com/topic/deals) - [Brokers (27)](https://blog.helveticagroup.com/topic/brokers) - [Insights (13)](https://blog.helveticagroup.com/topic/insights) - [1031X (10)](https://blog.helveticagroup.com/topic/1031x) - [Small Balance (9)](https://blog.helveticagroup.com/topic/small-balance) - [Bridge lending (7)](https://blog.helveticagroup.com/topic/bridge-lending) - [Investing (6)](https://blog.helveticagroup.com/topic/investing) - [Alternative Financing (5)](https://blog.helveticagroup.com/topic/alternative-financing) - [NNN (5)](https://blog.helveticagroup.com/topic/nnn) - [Bridge Loan (4)](https://blog.helveticagroup.com/topic/bridge-loan) - [Banking (3)](https://blog.helveticagroup.com/topic/banking) - [CRE (3)](https://blog.helveticagroup.com/topic/cre) - [Fintech (3)](https://blog.helveticagroup.com/topic/fintech) - [Participation Loans (3)](https://blog.helveticagroup.com/topic/participation-loans) - [Blockchain (2)](https://blog.helveticagroup.com/topic/blockchain) - [retail (2)](https://blog.helveticagroup.com/topic/retail) - [Bad Credit (1)](https://blog.helveticagroup.com/topic/bad-credit) - [Cannabis Lending (1)](https://blog.helveticagroup.com/topic/cannabis-lending) - [Credit Challenge (1)](https://blog.helveticagroup.com/topic/credit-challenge) - [Fix and Flip (1)](https://blog.helveticagroup.com/topic/fix-and-flip) - [Fund Management (1)](https://blog.helveticagroup.com/topic/fund-management) - [Low Occupancy Property (1)](https://blog.helveticagroup.com/topic/low-occupancy-property) - [Quick Close (1)](https://blog.helveticagroup.com/topic/quick-close) - [Rehab (1)](https://blog.helveticagroup.com/topic/rehab) - [fast closing (1)](https://blog.helveticagroup.com/topic/fast-closing) see all - [![](https://blog.helveticagroup.com/hubfs/TheHelveticaGroup-Apr2016/Images/facebookicon.png)](http://www.facebook.com/pages/Helvetica-Group/115516865679)[**HelveticaGroup on Facebook**](http://www.facebook.com/pages/Helvetica-Group/115516865679) - [![](https://blog.helveticagroup.com/hubfs/TheHelveticaGroup-Apr2016/Images/twittericon.png)](https://twitter.com/#!/HelveticaGroup) [**HelveticaGroup on Twitter**](https://twitter.com/#!/HelveticaGroup) - [![](https://blog.helveticagroup.com/hubfs/TheHelveticaGroup-Apr2016/Images/likedinicon.png)](http://www.linkedin.com/company/the-helvetica-group)[**HelveticaGroup on LinkedIn**](http://www.linkedin.com/company/the-helvetica-group) - [My Account](http://www.helveticagroup.com/#) | - [Sitemap](http://www.helveticagroup.com/sitemap) | - [Privacy Statement](http://www.helveticagroup.com/privacy-statement) | - [Security Statement](http://www.helveticagroup.com/security-statement) | - [Terms of Service](http://www.helveticagroup.com/terms-of-service) - | Site Feedback | - [Licensing](http://www.helveticagroup.com/licensing) **Call 310-575-3301** © 2015 The Helvetica Group. 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