$1.1M Quick Refinance Of Maturing Loan In North Bend, WA
Helvetica funded a $1,100,000 bridge loan secured by a strip retail center in North Bend, WA. The borrower needed a quick close to payoff a matured loan and get cash out to pay for improvements on another property owned. The property was 100% occupied. Excessive bank paperwork, prepayment limitations and time constraints prevented the borrower from obtaining a conventional loan.