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HELVETICA FUNDED LOAN | $2.75MM CONSTRUCTION TAKEOUT/MULTI FAMILY, SAN FRANCISCO, CA

Posted by Jaden Jeter on Oct 2, 2019 2:23:46 PM
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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.  
 
Deal Highlights:
 
  • Bank Turn-down
  • 5.35% Rate
  • Quick Close
  • Cash Out Loan
  • Interest Only
  • 3 Year Fixed
  • Limited Seasoning
  • AirBnB
  • New Construction
  • Broker Protected

Helvetica offers a wide range of loan products for both commercial and investment properties. We provide common sense underwriting and creative financing options for every loan scenario. Contact us today for a quick close without the hassle of traditional bank financing.

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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.

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