AMARILLO, TX - Ben Wilson,Director of Acquisitions for Helvetica Group, identified a $2,291,000 single tenant NNN investement 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 and 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.
Later, Mr. Wilson arranged to refinance the property with a $900,000 bank loan allowing the investor to purchase an additional property and diversify his holdings.
- NNN Property
- Stabilized Investment
- Low Risk
- Ground Lease
- 1031 Exchange
- Permanent Financing
- Bank Finance
HOLLYWOOD, CA - Helvetica provided a $1.7 million bridge loan to refinance a looming balloon payment on a mixed use, retail building in Los Angeles, CA. The loan was originated by a local mortgage broker who reached out to Helvetica requesting a quick closing. The borrower wanted to sell the property but first needed to make several renovations to the building. Helvetica stepped in and quickly funded the stabilization loan and provided cash out for the borrower to make the necessary property improvements.
LOS ANGELES, CA (February 2, 2017) - Ben Wilson, Director of Lending and Acquisitions, arranged for another Helvetica small balance commercial loan refinance of a Church building in Los Angeles. A non-profit organization has owned the building for over 30 years and was facing a looming maturity. Inconsistent income, credit challenges, low cash balances and a quick closing, made this loan an unlikely candidate for a traditional bank loan.
The mortgage broker brought the loan request to Helvetica after having several successful alternative loan closings. Confidence in closing, process transparency, and common sense underwriting gave the borrower and broker certainty in execution. "We continue to fund high equity loans when banks say no. We have several church borrowers in our portfolio and welcome the opportunity to fund bank turn downs when the loan to value is below 60%," said Chad Mestler, CEO of Helvetica Group.