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HELVETICA FUNDED LOAN | $3.38MM PURCHASE LOAN, OFFICE CANNABIS DISPENSARY IN SAN DIEGO, CA

Posted by Chad Mestler on Mar 24, 2019 7:50:25 PM
 
521918 MedMen SanDiego-1
 
SAN DIEGO, CA  - Helvetica funded a $3,380,000 purchase loan secured by an office building in San Diego, CA. The property was occupied by a licensed cannabis dispensary.  The borrower was a multi-state cannabis operator soon to be listed on the Canadian Stock Exchange.  A complicated corporate structure, large net losses, and cannabis dispensary use prevented this borrower from obtaining bank financing.  
 
Deal Highlights:
 
  • Quick Close
  • Complicated corporate structure
  • Alternative cannabis use
  • Not bankable
  • Uncertain exit strategy

 

Helvetica offers a wide range of loan products for both commercial and investment properties. We provide common sense underwriting and creative financing options for every loan scenario. Contact us today for a quick close without the hassle of traditional bank financing.

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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.

Topics: Deals, Loans, Brokers