$1.55M Purchase Financing: 3-Store Dollar General NNN Portfolio
Various Locations, TX — Helvetica worked with broker Marcus & Millichap to fund the acquisition of a three-property Dollar General NNN portfolio, helping the borrower meet a hard 1031 exchange deadline and avoid a substantial tax liability.
The Scenario
A private investor was acquiring a three-store Dollar General NNN portfolio as the replacement leg of a 1031 exchange. The 180-day clock was running with a hard closing date, and missing it would have triggered a large tax liability. The borrower also had temporary credit challenges and was attempting to close in the middle of the COVID pandemic, while many banks and institutional lenders had paused new originations.
The Helvetica Solution
Helvetica worked directly with broker Marcus & Millichap to structure a bridge purchase loan across all three properties, underwriting the corporate NNN cash flows rather than the borrower's credit profile. The loan was sized to clear the exchange, written for a 12-month term with no prepayment penalty, and funded quickly enough to hit the IRS deadline.
The Outcome
- 1031 exchange completed on time — tax liability deferred
- All three Dollar General properties closed in a single coordinated funding
- Funded mid-COVID despite a frozen institutional lending market
- 12-month term with no prepay gave the borrower flexibility to refinance
Deal Highlights
- 1031 Exchange
- Hard deadline, quick closing
- Multiple properties
- Credit challenges
- NNN corporate tenant
- No prepayment penalty
Have a 1031 exchange deal?
Helvetica funds commercial 1031 exchange bridge loans from $300K–$10M+ with closings in 7–21 days. Coordinate directly with your qualified intermediary.
