INVESTMENT: Helios Capital Transacts More than $40M in Non-Performing Mortgages
- Oct 27, 2010
Woodbridge, N.J.– Helios Capital LLC, a New Jersey-based commercial loan-advisory firm specializing in small balance non performing commercial loans in the secondary market under $25 million, says that it has completed more than $40 million in commercial loan transactions in N.Y. and N.J. over the past 12 months.
“By design, Helios’ trade activity is focused on loans where the unpaid principal balance is typically less than $25 million, with a majority of the trades trading between $3 million to $4 million across all asset types and all performance classes,” comments Jonathan Horn, senior managing director at Helios Capital.
“The Helios platform was created specifically to focus on trading with community and regional banks throughout N.Y. and N.J. and ultimately, we have found success trading on behalf of our investors within those institutions. The significant trade activity for Helios has taken place in Brooklyn, the Bronx, Manhattan and New Jersey in all asset types and all performance classes, including sub-performing, non-performing, pre foreclosure, foreclosure and bankruptcy.”
The small-balance commercial loan transactions Helios Capital has closed over the past 12 months include the following:
-New York ‑ Helios completed a non-performing loan collateral transaction with an unpaid balance totaling $460,875 for an 11,000-square-foot corner retail facility. The property was located in Upper Manhattan.
-Brooklyn, N.Y. – Helios completed a $799,019 unpaid balance non-performing loan collateral transaction for a 38 unit multifamily property. The property is located on one of the main thoroughfares in Crown Heights, Brooklyn.
– Brooklyn, N.Y. – Helios completed a non-performing loan collateral transaction with a $872,763 million unpaid balance for an eight-unit multifamily property. The property was located in Fort Greene Brooklyn.
-Union City, N.J. – Helios completed two non-performing loan transactions with an unpaid balance totaling $1,024,500 with a special-servicer. The loans were collateralized by two multifamily properties containing 20 units.
Josh Malka, managing director, adds “Helios Capital has experienced tremendous growth in the last 12 months and our pipeline of deals looks stronger than ever. We look forward to closing many more deals currently in contract and in the fourth quarter.”
“Adding Helios to our family of companies has kept us in a position to take advantage of the non-performing debt market which is a direct result of current market conditions,” states Steven Schultz, managing principle. “The Helios platform is perfectly positioned to provide both lenders and investors trading opportunities. I am very pleased so far and look forward to continued success in the future.”