News & Deals

 

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. . 

 

Topics: Deals, Loans, Brokers, Small Balance

 

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.  

Topics: Deals, Loans, Brokers, Small Balance

 

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.  

Topics: Deals, Loans, Brokers, Small Balance

 

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.

Topics: Deals, Loans, Brokers, NNN, Small Balance

AMARILLO, TX - Ben Wilson of Helvetica identified an exchange property for a private investor's 1031 exchange upleg.  The investor needed to quickly identify a substitute property to qualify for a 1031 exchange and defer a substantial amount of tax liability.The investor's financial advisor and CPA referred him to Helvetica as a trusted source to provide advise on acquiring and financing commercial real estate. Helvetica was able to scour the country side within a few days and find a suitable, low risk, worry free, cash flowing investment located in Amarillo, TX. The single tenant retail building was leased to a credit tenant and was generating a 5.6% return (cap rate).

Topics: Deals, Investing, 1031X

 

SAN DIEGO, CA - Helvetica announced the funding of a $795,000 small balance commercial loan secured by an owner occupied office building in San Diego. The borrower had two loans securing the property and needed to refinance out of the high-interest debt. Helvetica's loan paid off both lenders and provided the borrower with a lower overall interest rate. Helvetica offers alterantive loan products for low leverage loans on local properties. 

Topics: Deals, Loans, Small Balance

 

MESQUITE, TX - Helvetica was approached by a multi-national brokerage firm in search of another low LTV bridge loan for their client, who Helvetica had financed one year prior. The opportunity to work with with repeat borrowers, and a reputable brokerage firm, gave Helvetica great confidence that the deal would get done. The borrowers owned a muti-tenant industrial property in Mesquite, TX that had an existing note with an upcoming maturity date. The borrowers intend on selling the property but want to get occupancy near 100% before they sell. Through great coordination with the brokerage firm, Helvetica was able to quickly provide the borrowers with a 12 month bridge loan. With Helvetica’s $900,000 loan, the borrowers were able to pay off their existing note right before the maturity date. The owners will now have more time to fully lease up and stabilize the asset in preparation for the sale. Helvetica welcomes the opportunity to work with brokerage firms to assist with their clients' financing needs.

Topics: Deals, Loans, Brokers, Small Balance

 

BEVERLY HILLS, CA - Helvetica funded a $5 million bridge loan to facilitate a reverse 1031 exchange. The borrower was in escrow to sell a house in Beverly Hills, CA, but needed to quickly close on the purchase of another single family investment property which qualified for their 1031 exchange.

 

Topics: Deals, Loans, 1031X

 

COLUMBUS, OH - Helvetica funded another broker originated  $1,766,000 bridge loan to refinance and consolidate maturing debt on three NNN retail buildings with complex title issues .  The subject collateral consisted of two Burger King restaurants and one two-tenant retail building which featured Sherwin Williams as the anchor tenant. 

Topics: Deals, Loans, Brokers, NNN, Small Balance

 

HINSDALE, NH - Congratulations to Jaden Jeter for closing a $2,700,000 commercial real estate bridge loan in Hinsdale, NH.  Helvetica funded the refinance of a matured loan and financed the TI for a new credit anchor tenant in a 122K square foot retail center.  High vacancy, lease expirations, speed of execution, seasoning and DSCR hurdles prevented this borrower from getting conventional financing.  We continue to fund the #unbankable.  Reach out to discuss your difficult commercial real estate loan.  

Topics: Deals, Loans