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

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538118 Ripley Norwalk CT-1
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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Filed Under: Deals, Loans, Brokers

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

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532118 RMK Ft Lauderdale FL
 
 
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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Filed Under: Deals, Loans, Brokers, Small Balance

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

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532218 Hanford CA
 
 
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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Filed Under: Deals, Loans, Brokers, retail

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

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508317 Rhodes FederalWay WA (2)
 
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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Filed Under: Deals, Loans, Brokers, Small Balance

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

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512117 Jaguar San Diego
 
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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Filed Under: Deals, Loans, Brokers, Small Balance

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

by helvetica

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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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Filed Under: Deals, Loans, Brokers, Small Balance