Our experience enabled our team to conduct extensive collateral and legal due diligence in less than 2 weeks
Los Angeles, CA (PRWEB) June 25, 2012
The Helvetica Group announced today that it provided short term bridge financing for the acquisition of a non-performing loan pool. Helvetica's experience enabled the team to conduct extensive collateral and legal due diligence within two weeks allowing the borrower to close before a hard deadline.
The portfolio included a mix of 55 re-peforming, sub-performing and non-performing loans originated in 2006 and 2007 and spreadout over 23 states.
"We believe that the market has not seen 1/3 of the amount of distressed inventory that needs to be digested before the economy can get back on track. We expect that government foreclosure prevention programs and regulatory hurdles will continue to be an obstacle to the flow of distressed properties coming to market. While the market continues to unravel from massive deleveraging, these types of bank-owned bulk loan sales will be one liquidation alternative that will remain fast and efficient allowing banks to add much needed cash to their balance sheets and enable these institutions to focus on their core business. We expect to see much more distressed inventory over the next several years and we intend to position ourselves as a value add, financing partner for experienced sponsors of both commercial properties, REO and non-performing loans. We are agnostic as to our role in these transactions. If the deal makes sense, we are happy to participate in variety of capacities," stated Chad Mestler, president and CEO.
Since 2008, Helvetica has closed dozens of bank bulk REO and loan pool transactions including over 600 properties. Helvetica has facilitated such transactions as a principal, as an equity partner and as a lender.
The Helvetica Group (helveticagroup.com) is a real estate investment bank providing innovative private lending, distressed asset acquisitions, brokerage, investment management and family office services. Helvetica is a direct lender and invests on behalf of individual investors, trusts, pension plans, retirement funds and institutional investors representing over $1 billion in combined assets. We work closely with brokers, bankers, lenders and financial advisors as strategic partners to provide clients with fast access to financing, affording them the opportunity to quickly leverage their real estate assets. The Helvetica Group and its affiliates provide alternative financing secured by a variety of property types including: residential, retail, office, apartments, storage, RV parks, mobile home parks, light industrial, mixed use and other special use properties.