News & Deals

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

Posted by Jaden Jeter on Oct 2, 2019 2:23:46 PM
 
 
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.  
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Topics: Deals, Loans, Brokers

HELVETICA ADVISORY | $2.291 MILLION ACQUISITION NNN INVESTMENT FOR INVESTOR 1031X

Posted by Chad Mestler on Aug 13, 2019 5:10:02 PM

AMARILLO, TX  - Helvetica Group identified a $2,291,000 single tenant NNN investment property in Amarillo, Texas for a private investor. The tenant was Longhorn Steakhouse which was on a long term, NNN, corporate guaranteed ground lease providing the investor with a stable, low risk return on their investment. The investor recently sold a multifamily property that required substantial hands-on management: he needed to quickly satisfy a 1031 exchange to defer a substantial tax liability.  Helvetica was able to search nationwide to locate a suitable replacement property and organize the due diligence and closing within a short period of time. The investor doubled his income and reduced his management time by almost 100%.  

Later, Helvetica arranged to refinance the property with a $900,000 cash out bank loan allowing the investor to purchase an additional property and diversify his holdings. 

Deal Highlights:
 
  • NNN Property
  • Stabilized Investment
  • Low Risk
  • Ground Lease
  • 1031 Exchange
  • Permanent Financing
  • Bank Finance
  • Diversification
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Topics: Deals, Investing, NNN, 1031X

HELVETICA FUNDED LOAN | $1MM CASH OUT LOAN, MIXED COLLATERAL, PACIFIC GROVE, CA

Posted by Chad Mestler on Aug 13, 2019 4:58:10 PM
 
 
PACIFIC GROVE, CA - The Helvetica Group, originated a cash out loan secured by mixed collateral including real estate and chattel to enable the borrower to pay for tenant improvements required for a new lease.   The collateral included a lien on the ownership interests in a newly renovated building in Pacific Grove that was adapted from an old iconic department store known as the Holman Building, to new luxury ocean view condos.  The loan was also secured by ownership interests in an industrial building located in Oakland, CA across from the Colosseum.  In addition, the loan was secured by a junior trust deed on an office building in San Diego, CA.  
 
The complex nature of the mixed collateral, the need for a quick close, the lack of income documentation and vacancy, prevented this borrower from obtaining a bank loan.  
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Topics: Deals, Loans, Brokers

HELVETICA FUNDED LOAN | $5.2MM REFINANCE LOAN, OFFICE BUILDING IN DOWNTOWN BALTIMORE, MD

Posted by Jaden Jeter on Jun 20, 2019 12:28:59 PM
 
 
BALTIMORE, MD  - Jaden Jeter with The Helvetica Group, originated a refinance loan secured by an office building in downtown Baltimore, MD just one short block from the courthouse. The borrower will use the loan to pay off current debt and provide a bridge to a construction loan to re-purpose the building as mixed use, including retail, hospitality, and office. High vacancy, short term leases, and time constraints prevented the borrower from obtaining a bank loan.
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Topics: Deals, Loans, Brokers

HELVETICA FUNDED LOAN | $3.38MM PURCHASE LOAN, OFFICE CANNABIS DISPENSARY IN SAN DIEGO, CA

Posted by Chad Mestler on Mar 24, 2019 7:50:25 PM
 
 
SAN DIEGO, CA   - Helvetica funded a $3,380,000 purchase loan secured by an office building in San Diego, CA.   The property was occupied by a licensed cannabis dispensary.   The borrower was a multi-state cannabis operator soon to be listed on the Canadian Stock Exchange.  A complicated corporate structure, large net losses, and cannabis dispensary use prevented this borrower from obtaining bank financing.  
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Topics: Deals, Loans, Brokers

HELVETICA FUNDED LOAN | $1.1M QUICK REFINANCE OF MATURING LOAN IN NORTH BEND, WA

Posted by Chad Mestler on Mar 6, 2019 2:00:18 PM
 
 
NORTH BEND, WA   - Helvetica funded a $1,100,000 bridge loan secured by a strip retail center in North Bend, WA.  The borrower  needed a quick close to payoff a matured loan and get cash out to pay for improvements on another property owned.  The property was 100% occupied.   Excessive bank paperwork, prepayment limitations and time constraints prevented the borrower from obtaining a conventional loan.  
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Topics: Deals, Loans, Brokers, retail

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