LOS ANGELES (August 3, 2016) - Helvetica refinanced a recently matured private money loan. The borrower was a non profit that owned a chuch building located in Los Angeles. The transaction was structured with a 20 year amortization and a 7 year maturity which enabled the borrower to payoff the existing debt as well as lower their monthly payment.
Deal Highlights:
- Non-traditional collateral
- Church Loan
- Credit Challenged
- Poor Payment History
- Balloon Refinance
- Low LTV
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