$2.7M Reverse-Exchange Bridge Loan: Santa Rosa Multifamily
Santa Rosa, CA — A repeat borrower needed to move fast to complete a reverse 1031 exchange — buying a 21-unit multifamily property while a second property they owned was still in escrow to sell. Helvetica stepped in with a $2.7M bridge loan secured by both properties, so the purchase could close on schedule without waiting on the sale.
The Problem
The borrower was under contract to buy a 21-unit multifamily property but needed the cash before their other property — valued around $4.6M — finished its own sale. Waiting on that sale meant risking the purchase and the exchange window.
The Helvetica Solution
Helvetica financed the purchase with a 1st-mortgage bridge loan, cross-collateralized against both the new purchase and the property already in escrow (appraised value $8.1M combined, 51% loan-to-value). Once the second property's sale closed about three weeks later, the bridge loan was paid off in full.
Benefit to the Borrower
- Closed on time inside the exchange window
- Didn't have to pass on the deal while waiting on their own sale
- Fast turnaround from a lender who already knew them
- No extension needed — paid off the moment the paired sale closed
Deal Highlights
- $2.7M purchase bridge loan
- 51% LTV
- Cross-collateralized across two properties
- 12-month term, repaid in full in about a month
- Repeat-borrower relationship
Have a reverse 1031 exchange deal?
Helvetica funds commercial and investment 1031 exchange bridge loans — including reverse exchanges — from $300K–$10M+ with closings typically 3–10 days following receipt of all requested documentation.
