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Follow on Google News | Helvetica Ramps Up Value-add Commercial Retail Acquisitions And Bridge LendingHelvetica has announced plans to ramp up acquisitions and lending, targeting retail strip centers nationwide. Helvetica aims to acquire value-add centers that require stabilization efforts in order to improve the financial health of the properties.
“With over $1.7 Trillion Dollars in CMBS notes maturing over the next five years we have yet to see the full effects of the real estate crisis on the commercial sector. Many of these CMBS loans were originated in 2007 and now have balances that greatly exceed the current values of the properties. We expect that as these loans come to maturity we will see many more bank owned distressed assets being released to the market. Our focus is to ramp up acquisition efforts on these properties and also act as equity partners on joint ventures,” stated Chad Mestler, CEO of Helvetica. Many of these bank owned retail centers are unstabilized due to low occupancy. This does not mean that the centers themselves are undesirable locations for prospective retailers. Many tenants have vacated their space due to pre-2008 rental rates. As these properties go through the foreclosure to REO process the leasing efforts are often times non-existent by the lender. The result is a huge inventory of retail centers that present a unique value-add component. Since many of these properties are unsatbilized, they do not qualify for conventional financing. “We have the philosophy that we lend on the same things we like to buy. We are a direct private money lender offering financing alternatives to conservative bank lending. Our fast and creative short-term bridge financing allows borrowers to acquire value-add properties that are not eligible for conventional bank loans. Borrowers utilize our bridge financing in order to stabilize their property and refinance out of our loan, or to free up liquidity for further investment opportunities,” This flexibility has allowed Helvetica to position themselves as an opportunistic investment group. The experience and knowledge of the Helvetica team has produced significant returns and will ensure the company’s future success. About Helvetica The Helvetica Group (helveticagroup.com) End
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