Small Balance

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

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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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\ HELVETICA FUNDED BRIDGE LOAN | $682K RETAIL BUILDING IN ORLANDO, FL\

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Appraisal 17-250 Report CROPPED.jpg
 
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.

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