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HELVETICA FUNDS $450,000 REFINANCE OF MATURING DEBT SECURED BY CHURCH IN LOS ANGELES, CA

Posted by Chad Mestler on Feb 4, 2017 4:34:39 PM

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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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Topics: Deals, Loans