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HELVETICA FUNDED LOAN | $5MM BRIDGE LOAN FOR 1031X ON 3 LUXURY RESIDENTIAL HOMES IN BEVERLY HILLS, CA

Posted by Ben Wilson on Oct 21, 2017 1:43:21 PM
 
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.
 
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Topics: Deals, Loans, 1031X

HELVETICA FUNDED LOAN | $1.766MM BRIDGE LOAN ON 3 NNN RETAIL PROPERTIES IN COLUMBUS, OH

Posted by Ben Wilson on Oct 21, 2017 1:21:23 PM
 
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. 
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Topics: Deals, Loans, Brokers, NNN, Small Balance

HELVETICA FUNDED LOAN | $2.7M BRIDGE LOAN TO RETAIL CENTER IN HINDSDALE, NH

Posted by Jaden Jeter on Oct 5, 2017 7:43:30 AM
 
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.  
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Topics: Deals, Loans

HELVETICA FUNDED LOAN | $650K BRIDGE LOAN ON COMMERCIAL OFFICE IN LOS ANGELES, CA

Posted by Ben Wilson on Aug 28, 2017 3:37:55 PM
 
LOS ANGELES, CA - Ben Wilson, Director of Lending at Helvetica Group, provided another bridge loan to an unbankable loan scenario.  The borrowers owned the property free and clear and needed a cash out refinance to payoff high interest business debt.  The property was vacant and didn't quality for a bank loan.  The cash out provided by the Helvetica bridge loan provided an opportunity for the borrower to make cosmetic property improvements in order to offer the building for lease.  Once stabilized the borrower expects to refinance into a more traditional commercial loan.  
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Topics: Deals, Loans

HELVETICA FUNDED LOAN | $1M BRIDGE LOAN ON LIGHT INDUSTRIAL PROPERTY IN ARLINGTON, TX

Posted by Ben Wilson on Apr 18, 2017 10:57:28 AM
 
ARLINGTON, TX - Helvetica was approached by a multi-national brokerage firm in search of a low LTV bridge loan for one of their clients. The borrower had been approved for a discounted payoff on their asset. The property was experiencing below market occupancy, and lender restrictions were handcuffing the borrower's leasing efforts. Through great coordination with the brokerage firm, Helvetica was able to quickly provide the borrowers with a 12 month, $1,000,000 bridge loan which allowed the borrower to take advantage of the lender's proposed discounted payoff. With Helvetica’s loan, the borrowers will have more flexibility to lease up and stabilize the asset. 
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Topics: Deals, Loans

HELVETICA FUNDED LOAN | SMALL BALANCE COLLATERALIZED BRIDGE LOAN ON TWO FLORIDA MULTIFAMILY PROPERTIES

Posted by Ben Wilson on Apr 18, 2017 10:22:26 AM
 
DAYTONA BEACH, FL - The Helvetica Group announced the funding of a  purchase loan for two multi-family properties in Florida. Helvetica’s cross collateralized bridge loan financed 55% of the total acquisition cost. The first property was a 14-unit apartment complex in Daytona Beach, and the second property was a 10-unit multi-family building in Winter Haven.
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Topics: Deals, Loans

HELVETICA FUNDED BRIDGE LOAN ON MULTIFAMILY PROPERTY IN LONG BEACH, CA

Posted by Ben Wilson on Apr 18, 2017 9:52:26 AM
 
LONG BEACH, CA - The Helvetica Group announced the funding of a purchase loan for a multi-family property in Long Beach, California. Helvetica’s loan was a secured by a first trust deed and covered 65% of the total acquisition cost. The property is a 10-unit, 6,000 square foot apartment building that was 70% occupied and collecting below market rents. The borrower acquired the property with the intent of adding value by leasing up the remaining vacant space and increasing rents. Once stabilization efforts are finalized, the borrower intends to sell the property and payoff Helvetica's bridge loan.
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Topics: Deals, Loans, Small Balance

HELVETICA ARRANGES $2.291 MILLION ACQUISITION AND $900K BANK LOAN FOR SINGLE TENANT NNN INVESTMENT FOR PRIVATE INVESTOR 1031 EXCHANGE

Posted by Ben Wilson on Mar 20, 2017 8:06:40 PM

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. 

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

HELVETICA FUNDED LOAN | $1.7 MILLION BRIDGE LOAN TO MIXED-USE, RETAIL BUILDING IN HOLLYWOOD, CA

Posted by Ben Wilson on Feb 15, 2017 7:41:09 AM

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. 

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Topics: Deals, Loans

HELVETICA FUNDED LOAN | SMALL BALANCE REFINANCE OF CHURCH IN LOS ANGELES, CA WITH LOOMING MATURITY

Posted by Ben Wilson on Feb 13, 2017 3:24:08 PM

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. 

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Topics: Deals, Loans