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HELVETICA FUNDED LOAN | $1.1M QUICK REFINANCE OF MATURING LOAN IN NORTH BEND, WA

Posted by Chad Mestler on Mar 6, 2019 2:00:18 PM
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NORTH BEND, WA  - Helvetica funded a $1,100,000 bridge loan secured by a strip retail center in North Bend, WA.  The borrower needed a quick close to payoff a matured loan and get cash out to pay for improvements on another property owned. The property was 100% occupied.  Excessive bank paperwork, prepayment limitations and time constraints prevented the borrower from obtaining a conventional loan.  
 
The family owned the property for decades.  The property had sufficient cash flow to service the debt.  The borrower wanted a non-recourse loan with no prepayment penalty and less paperwork.  Helvetica was able to use an already existing appraisal and provide a quick closing with flexible loan terms.  
 
Deal Highlights:
 
  • Quick Close
  • Existing Appraisal
  • Prior Environmental Issues
  • Cash Out Refinance
  • No Prepayment Penalty
  • Limited Documentation

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, retail