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HELVETICA FUNDED LOAN | $2.4MM REFINANCE OF VACANT, LUXURY HOME IN NORWALK CT

Posted by Chad Mestler on Aug 16, 2018 4:57:59 PM
 
 
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.  
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Topics: Deals, Loans, Brokers

HELVETICA FUNDED LOAN | $1.2MM LIGHT INDUSTRIAL ASSET IN FT LAUDERDALE, FL

Posted by Chad Mestler on Aug 13, 2018 6:33:39 PM
 
 
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. 
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Topics: Deals, Loans, Brokers, Small Balance

HELVETICA FUNDED BRIDGE LOAN | $3.2MM BIG BOX RETAIL BUILDING HANFORD, CA

Posted by Chad Mestler on Jul 5, 2018 2:12:45 PM
 
 
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. 
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Topics: Deals, Loans, Brokers, retail

HELVETICA FUNDED BRIDGE LOAN | $850K RETAIL STRIP CENTER SEATTLE, WA

Posted by Chad Mestler on Mar 29, 2018 3:32:37 PM
 
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. 
 
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Topics: Deals, Loans, Brokers, Small Balance

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

Posted by Chad Mestler on Mar 29, 2018 3:32:21 PM
 
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.  
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Topics: Deals, Loans, Brokers, Small Balance

HELVETICA FUNDED BRIDGE LOAN | $1.172MM OFFICE BUILDING KALAMAZOO MI

Posted by Ben Wilson on Mar 29, 2018 3:31:50 PM
 
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.  
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Topics: Deals, Loans, Brokers, Small Balance

HELVETICA FUNDED BRIDGE LOAN | $682K RETAIL BUILDING IN ORLANDO, FL

Posted by Ben Wilson on Mar 29, 2018 3:31:29 PM
 
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.
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Topics: Deals, Loans, Brokers, NNN, Small Balance

Bridge Loans for Trust Buyout Financing to Preserve Low Property Tax Rates

Posted by Jennifer Foster on Dec 8, 2017 1:11:01 PM

  

 

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

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Topics: Advice, Brokers

Using a Bridge Loan is Best Alternative to Fund a 1031 Exchange

Posted by Chad Mestler on Nov 21, 2017 3:01:37 PM

Using an alteranative bridge lender for financing 1031 exchanges often provides the best solution.  This type of financing gives the most certainty for closing on time and is well worth the extra interest and fees that may be charged, when compared with the high taxes that could be incurred otherwise. 

 

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Topics: 1031X, Advice, Brokers

The ONE Killer Loan Product Every Commercial Mortgage Broker Should Have

Posted by Jennifer Foster on Nov 17, 2017 7:48:09 AM

 

Every commercial real estate and mortgage broker needs to have an alternative lender in their arsenal of loan products.  Today, bank underwriting has lost its reasoning: credit and debt service coverage are non-negotiable in loan approvals regardless of equity, liquidity, project viability or borrower networth.  

Here are a bunch of reasons to use an Alterantive CRE Lender:

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Topics: Brokers, Advice