News & Deals

HELVETICA FINANCES $900K ACQUISITION FOR EXPERIENCED HOUSE FLIPPER IN CARLSBAD, CA IN 5 DAYS

Posted by Chad Mestler on Jul 26, 2016 9:00:21 AM

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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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Topics: Deals, Loans