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NORWALK, CT
– Helvetica funded a $2,400,000 bridge loan secured by a luxury single family home, in a private coastal community in Norwalk, CT. The borrower
needed a quick close to payoff a defaulted loan and get cash out to pay for recent renovation expenses.
The property was vacant and listed for sale.
Inconsistent income, a loan default, poor credit and vacancy prevented this borrower from getting bank financing.
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