Helios Capital LLC, a recently launched New Jersey-based commercial loan advisory services firm specializing in individual loan and portfolio sales in the secondary market for the acquisition and disposition of commercial mortgage loans, is pleased to announce that it has completed $30 million in mortgage loan transactions in the Tri-State area and Florida over the last seven months.
Helios Capital, which was founded in January of 2009 by two former New York-based private equity managers, Jonathan Horn, senior managing director and Josh Malka, managing director, is an affiliate of established private equity firm, Onyx Equities. The company aims to facilitate and make the bank loan trading process between financial institutions and investors more efficient. Since its inception, Helios Capital LLC has carved out a niche in the small balance, non-performing commercial loan market, purchasing non performing small-balance commercial real estate debt located in the Tri-State area and Florida with loan balances of $1 million to $50 million.
"As experienced asset managers, we saw an opportunity to buy distressed small balance commercial loans that are secured by all asset types in all performance classes and decided to utilize our private equity experience and resources to launch this company," said Horn. "Over the past 7 months, we have been incredibly successful in completing transactions on behalf of our clients, which include many local, regional and national banks "
Specifically, Helios Capital LLC has closed $30 million in small balance commercial loan transactions over the past 7 months, including the following recent deals:
► Brooklyn, N.Y.: Helios Capital completed a $3.5 million loan transaction for a mixed-use, multifamily building, which is comprised of 5 residential units and a 5,000-square-foot medical office space on the grade level of the property. This loan was sold at a compelling discount to one of Helios Capital's private investors.
► Harlem, N.Y.: Helios Capital closed a $2.449 million structured sale of a 24-unit multi-family building in Harlem, New York. The sale, which included the sale of the property's debt as well as the deed-in-lieu for the building, gave the buyer a fee simple interest in the property.
► Wenonah, N.J.: Helios Capital closed a $2.3 million loan transaction for a 35 unit multi-family building in Gloucester County, New Jersey on behalf of a local bank.
"Despite the unique challenges that are currently in place in the commercial mortgage loan space, we have found that there are a number of significant opportunities available to our clients in the Tri-State and South Florida markets in particular," commented Malka. "These are exciting times for us and we look forward to continuing to utilize our experience and contacts in order to find investment opportunities for our clients as we continue to grow and expand into new markets."
For more information, visit www.helioscapitalllc.com.