Helvetica Identifies $2.29M NNN 1031X Property For Private Investor And Procured Bank Financing
Ben Wilson of Helvetica identified an exchange property for a private investor's 1031 exchange upleg. The investor needed to quickly identify a substitute property to qualify for a 1031 exchange and defer a substantial amount of tax liability.The investor's financial advisor and CPA referred him to Helvetica as a trusted source to provide advise on acquiring and financing commercial real estate. Helvetica was able to scour the country side within a few days and find a suitable, low risk, worry free, cash flowing investment located in Amarillo, TX. The single tenant retail building was leased to a credit tenant and was generating a 5.6% return (cap rate). The investor recently sold a multifamily property that provided little cash flow and required a substantal amount of hands on management. The investor was able to sell the multifamily property, and trade into a NNN property that provided more than 2x the cash flow and required no management. Helvetica also procued a 10 year conventional bank loan at 4.25% to help with the acquisition. If the bank was not able to perform, Helvetica was ready to step in with a 1031 exchange bridge loan.