Our Blog

HELVETICA FUNDED BRIDGE LOAN | $900K ON LIGHT INDUSTRIAL ASSET IN MESQUITE, TX

Posted by Ben Wilson on Oct 23, 2017 4:28:49 PM
Find me on:
437214DFWMesquite.jpg
 
MESQUITE, TX - Helvetica was approached by a multi-national brokerage firm in search of another low LTV bridge loan for their client, who Helvetica had financed one year prior. The opportunity to work with with repeat borrowers, and a reputable brokerage firm, gave Helvetica great confidence that the deal would get done. The borrowers owned a muti-tenant industrial property in Mesquite, TX that had an existing note with an upcoming maturity date. The borrowers intend on selling the property but want to get occupancy near 100% before they sell. Through great coordination with the brokerage firm, Helvetica was able to quickly provide the borrowers with a 12 month bridge loan. With Helvetica’s $900,000 loan, the borrowers were able to pay off their existing note right before the maturity date. The owners will now have more time to fully lease up and stabilize the asset in preparation for the sale. Helvetica welcomes the opportunity to work with brokerage firms to assist with their clients' financing needs.
 
Helvetica offers a wide range of loan products for 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.
 
Deal Highlights:
 
  • Low LTV
  • Broker Submission
  • Repeat Borrower
  • Quick closing
  • Looming Maturity Date
  • Stabilization Loan
 
Have a loan like this? 

 Submit Your Loan Here

 

 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, Small Balance