$682K Purchase Bridge: Single-Tenant NNN Restaurant Building
Orlando, FL — A broker brought a time-sensitive acquisition: a free-standing, single-tenant net-leased restaurant building with the tenant already in place, but only a short term left on the lease. Banks would not underwrite the remaining lease term inside the contract's closing window. Helvetica funded a $682,000 first mortgage at 65% LTV on a 24-month term so the buyer closed on schedule and could negotiate a longer lease before refinancing conventionally.
The Borrower's Problem
The buyer was acquiring an occupied single-tenant restaurant property on a net lease — a clean, cash-flowing asset with an operating tenant already in the space. The complication was lease duration: only a short term remained before expiration, and the borrower's plan was to re-sign the sitting tenant to a longer lease as expiration approached.
Conventional lenders size single-tenant loans off remaining lease term, so the deal read as short-dated income regardless of the tenant's performance or the borrower's own strength. The purchase agreement, meanwhile, carried a hard closing date. Waiting for a bank credit committee meant losing the deal.
The Helvetica Solution
Helvetica underwrote the asset and the sponsor rather than the calendar on the lease: an occupied, net-leased pad building in a deep Orlando retail corridor, a credit-worthy buyer with sufficient liquidity, and a clear, realistic path to stabilization. A $682,000 first mortgage at 65% LTV closed the purchase on a 24-month term — enough runway to negotiate and document a longer lease.
The transaction was broker-originated, and close coordination between the loan broker, the real estate agent and Helvetica's underwriting kept the funding inside the contract's timeline.
Benefit to the Borrower
- Closed a time-sensitive purchase on the contract's deadline after a bank turndown
- Acquired an occupied, income-producing net-leased asset with no equity partner
- Financing sized on collateral and sponsor strength, not remaining lease term
- 24 months to extend the tenant's lease and re-rate the property
- In-place net rent covered carrying costs during the bridge period
- Clear exit to conventional bank refinancing once the lease was extended
Deal Highlights
- $682,000 first mortgage, 65% LTV, 24-month term
- Single-tenant free-standing restaurant building on a net lease
- Tenant in occupancy at closing with a short remaining lease term
- Broker-originated submission; quick close required by the purchase contract
- Credit-worthy borrower with sufficient liquidity
- Exit: extend the tenant lease, then refinance with a conventional bank
Short lease term blocking your purchase financing?
Helvetica funds purchase and bridge loans from $300K–$10M+ on investment and business-purpose real estate, typically closing in 3–10 days following receipt of all requested documentation.
