News & Deals

 

 

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

 

 

HANFORD , CA - Helvetica funded a $3,200,000  bridge loan  on a three unit, vacant, big box, retail building in Hanford, California.    The latest transaction to grace the Helvetica closing table was a cash out refinance, brought to us courtesy of a local  commercial  mortgage broker.  The broker partner  contacted Helvetica, on behalf of his client, who was seeking to refinance their existing debt that had recently matured as well as obtain cash out to perform tenant improvements and pay for leasing commissions. 

Topics: Deals, Loans, Brokers, retail

 

SEATTLE, WA -  Helvetica funded an $850,000 broker originated  bridge loan to refinance a retail strip center in outside of Seattle.  The borrower was in need of a cash out refinance to pay off maturing debt and make property improvements. The borrower had limited documentation but decades of real estate ownership experience. Since the property had substantial equity, Helvetica was able to provide enough cash out for the borrower to make property improvements and reposition the asset for sale.  Through great coordination with the loan broker, Helvetica quickly closed another low leverage bridge loan on a value add property. . 

 

Topics: Deals, Loans, Brokers, Small Balance

 

SAN DIEGO, CA - Helvetica funded a $3,700,000  bridge loan  on an office/flex building in San Diego, California.   

A commercial mortgage broker contacted Helvetica looking for a cash out refinance for his client. The borrower is a
foreign national and has owned the property since it was constructed in 1997. The borrower needed bridge financing to pay off maturing debt, and to finish improvements for a new tenant who recently signed a 5-year NNN lease. Through great coordination by the broker, Helvetica was able to quickly close and pay off the current lender while providing enough cash out to complete improvements. The property will be a candidate for conventional bank financing once the lease is seasoned and the sponsor can show historical operating income.  

Topics: Deals, Loans, Brokers, Small Balance

 

KALAMAZOO, MI -  Helvetica funded a $1,172,000  bridge loan for the purchase of an office building in Kalamazoo, MI.  The sponsors are seasoned real estate investors who identified a below market,   value-add   opportunity to purchase the building at well below replacement cost. The property was 100% occupied by a credit tenant and had been institutionally managed since it's initial construction 15 years ago. The lease was expiring in less than a year and the tenant planned to vacate the building upon expiration.  

Topics: Deals, Loans, Brokers, Small Balance

 

ORLANDO, FL -  Helvetica announced the funding of another broker originated  bridge loan to purchase a single tenant NNN restaurant building .   The borrower purchased the building with a tenant in place and was in need of a quick closing. The relative short-term of the current lease and the  time sensitive  nature of this deal required  private money  financing for the purchase. The borrower intends on re-signing the current tenant to a longer term once the current lease nears expiration.

Topics: Deals, Loans, Brokers, NNN, Small Balance

  

 

Using a bridge loan to finance commercial real estate properties held in a trust is often the best option with competing beneficiary interests. 

Topics: Brokers, Insights

AMARILLO, TX - Ben Wilson of Helvetica identified an exchange property for a private investor's 1031 exchange upleg.  The investor needed to quickly identify a substitute property to qualify for a 1031 exchange and defer a substantial amount of tax liability.The investor's financial advisor and CPA referred him to Helvetica as a trusted source to provide advise on acquiring and financing commercial real estate. Helvetica was able to scour the country side within a few days and find a suitable, low risk, worry free, cash flowing investment located in Amarillo, TX. The single tenant retail building was leased to a credit tenant and was generating a 5.6% return (cap rate).

Topics: Deals, Investing, 1031X