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HELVETICA FUNDED BRIDGE LOAN | $3.7MM OFFICE BUILDING SAN DIEGO, CA

Posted by Chad Mestler on Mar 29, 2018 3:32:21 PM
 Jaguar
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.  
 
Helvetica offers a wide range of loan products for commercial and investment properties. We provide common sense underwriting and creative financing options. Contact us today for a quick close without the hassle of traditional bank financing. 
 
Deal Highlights:
 
  • Quick Close
  • Cash Out
  • Stabilization
  • NNN
  • Foreign National
  • Broker Submission
 
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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, Small Balance