News & Deals

 

 

VARIOUS LOCATIONS, TX -  Helvetica Group worked with broker Marcus & Millichap to provide purchase financing for the acquisition of a 3 store, Dollar General NNN portfolio. This bridge loan helped their client meet a 1031 exchange, hard closing date and avoid a large tax liability.  The loan was for 12 months and did not have a prepayment penalty. 

 

Despite some temporary credit challenges, Helvetica was able to fund this loan in the middle of the COVID pandemic while banks and institutions were temporarily closed to new funding. 

 

 

Topics: Deals, Loans, Brokers, 1031X

Vacant buildings have become a common issue in today's economy and an all too familiar reason for loan declines by traditional banks. Whether it be a multi-unit, a strip mall, apartment complex, or a property with a former big-box store attached, when buildings do not have full occupancy, they are just harder to finance.

Vacant properties can also be linked to higher crime rates such as squatting, theft, and arson. When you are the owner of said buildings you don't want to be stuck in a spot where you watch your property decrease in value and lose money in the process, all because you can't obtain financing needed to get new tenants.

Why not consider a bridge loan?

Unlike a traditional loan, a bridge loan can step in immediately, bridging the gap between vacancies and fully occupied time frames!

Topics: Advice, Rehab, Brokers, Investing, Alternative Financing, Low Occupancy Property, Bridge lending, Bridge Loan

 

 

SAN FRANCISCO, CA - The Helvetica Group, originated a cash out loan for a recently completed construction of a new multifamily property that was rented with short-term, AirBnb tenants. The borrower was previously turned down by 3 banks.  Helvetica worked with a broker to source a three-year, fixed-rate loan at 5.35%.  The borrower was given an interest-only option for the first two years to help with early cash flow and to support a strategy to sell the property within 3 years. The loan was underwritten using higher AirBnb rents and with limited seasoning.

 

The complex nature of the multi-family property being used for AirBnB rentals, the need for a quick close, and limited seasoning prevented this borrower from obtaining a bank loan.  

Topics: Deals, Loans, Brokers

AMARILLO, TX  - Helvetica Group identified a $2,291,000 single tenant NNN investment property in Amarillo, Texas for a private investor. The tenant was Longhorn Steakhouse which was on a long term, NNN, corporate guaranteed ground lease providing the investor with a stable, low risk return on their investment. The investor recently sold a multifamily property that required substantial hands-on management: he needed to quickly satisfy a 1031 exchange to defer a substantial tax liability.  Helvetica was able to search nationwide to locate a suitable replacement property and organize the due diligence and closing within a short period of time. The investor doubled his income and reduced his management time by almost 100%.  

Later, Helvetica arranged to refinance the property with a $900,000 cash out bank loan allowing the investor to purchase an additional property and diversify his holdings. 

Deal Highlights:

 

• NNN Property
• Stabilized Investment
• Low Risk
• Ground Lease
• 1031 Exchange
• Permanent Financing
• Bank Finance
• Diversification

Topics: Deals, Investing, NNN, 1031X

 

 

PACIFIC GROVE, CA - The Helvetica Group, originated a cash out loan secured by mixed collateral including real estate and chattel to enable the borrower to pay for tenant improvements required for a new lease.   The collateral included a lien on the ownership interests in a newly renovated building in Pacific Grove that was adapted from an old iconic department store known as the Holman Building, to new luxury ocean view condos.  The loan was also secured by ownership interests in an industrial building located in Oakland, CA across from the Colosseum.  In addition, the loan was secured by a junior trust deed on an office building in San Diego, CA.  

 

The complex nature of the mixed collateral, the need for a quick close, the lack of income documentation and vacancy, prevented this borrower from obtaining a bank loan.  

Topics: Deals, Loans, Brokers

 

 

BALTIMORE, MD  - Jaden Jeter with The Helvetica Group, originated a refinance loan secured by an office building in downtown Baltimore, MD just one short block from the courthouse. The borrower will use the loan to pay off current debt and provide a bridge to a construction loan to re-purpose the building as mixed use, including retail, hospitality, and office. High vacancy, short term leases, and time constraints prevented the borrower from obtaining a bank loan.

Topics: Deals, Loans, Brokers

 

 

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.  

Topics: Deals, Loans, Brokers

 

 

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.  

Topics: Deals, Loans, Brokers, retail

 

 

NORWALK, CT   - Helvetica funded a $2,400,000 bridge loan secured by a  luxury single family home, in a private coastal community in Norwalk, CT.  The borrower  needed a quick close to payoff a defaulted loan and get cash out to pay for recent renovation expenses.  The property was vacant and listed for sale.   Inconsistent income, a loan default, poor credit and vacancy prevented this borrower from getting bank financing.  

Topics: Deals, Loans, Brokers

 

 

FT LAUDERDALE, FL -  Helvetica was approached by a broker   in search of a 50%  LTV  bridge loan for their client, who needed a quick close on a cash out refinance. The borrower owned a   light industrial property   in Fort Lauderdale, FL that was owner occupied and owned free and clear . The borrower was the victim of recent identity theft creating chaos in his personal and business finances and resulting in a very low poor credit score. Banks were unwilling to lend. 

Topics: Deals, Loans, Brokers, Small Balance