$900K Purchase Funded in Five Days on a Nine-Month Short Sale

The Borrower's Problem

Short sales run on the seller's lender's clock, not the buyer's. These sponsors had a Carlsbad property under contract and spent more than nine months waiting for that approval to arrive — with no way to predict the week it would land, and no way to hold a conventional loan approval open across that span.

When the approval finally came through, the window to close was short. A conventional purchase loan started from scratch at that point would not have finished in time, and the opportunity would have gone to the next buyer in line.

The Helvetica Solution

Helvetica funded the $900,000 acquisition within five days of the sponsors' initial request. The speed came from underwriting the collateral and the sponsors' track record rather than assembling a full conventional credit file — these were experienced operators with a documented history of buying, improving and reselling coastal Southern California property.

The loan carried no prepayment penalty, which matters on a rehab: the sponsors needed to repay as soon as the property sold, not on a schedule set by the lender.

Benefit to the Borrower

• Nine months of waiting did not end in a lost deal
• Funded in five days, inside the short sale's closing window
• No prepayment penalty — repaid on sale, not on a lender's schedule
• Underwritten on the asset and the sponsors' track record
• Renovated and resold in under four months

Deal Highlights

• $900,000 purchase financing, coastal Carlsbad, CA
• Short sale approval received after a nine-month wait
• Five days from initial request to funding
• No prepayment penalty
• Experienced fix-and-flip sponsors
• Exit: renovation and resale inside four months