CARLSBAD, CA (September 30, 2014) - Helvetica provided purchase financing in 5 days for a fix and flip project in Carlsbad, California. The sponsors were waiting on a short sale approval lasting over 9 months. Once the sale was approved the sponsor needed to act quickly in order to close on the property. Helvetica was able to provide funding for the project within 5 days of the initial request enabling the sponsors to capitalize on a unique investment opportunity. In less than 4 months, the sponsors were able to improve and sell the property capturing a profit that exceeded $300,000.
Helvetica offers fix & flip loans for rehab projects in coastal areas of Southern California and has financed over 500 residential rehab properties valued at over $100 million since 2010. Experienced borrowers with a good track record will obtain quicker financing and more attractive rates starting at 7.99%!
Deal Highlights:
- Fix and flip
- No prepayment penalty
- Quick 5 day close
- Short sale financing
- Coastal property
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