LOS ANGELES, CA – July 6, 2011– The Helvetica Group announced today that it has acquired a bank-owned portfolio of lake-front, multi-family properties in Evanston, Illinois. The Company closed the transaction with all cash in less than two weeks.  Helvetica was able to conduct extensive due diligence and quickly and close by the end of the quarter.


The portfolio includes 5 contiguous parcels improved with three multi-family and two single family properties situated on a private beach overlooking Lake Michigan.  The City of Evanston offers close proximity to Northwestern University, downtown Chicago and Wrigleys Stadium.  "Its a great community and this is a one-of-a-kind portfolio that took decades to assemble.  The properties are currently leased and generating income.


"We believe that the market has not seen 1/3 of the amount of distressed inventory that needs to be digested before the economy can get back on track.  We expect that government foreclosure prevention programs and regulatory hurdles will continue to be an obstacle to the flow of distressed properties coming to market. While the market continues to unravel from massive deleveraging, these types of bank-owned bulk sales will be one liquidiation alternative that will remain fast and efficient allowing banks to add much needed cash to their balance sheets and enable these institutions to focus on their core business." said Chad Mestler, president and CEO.  "Our firms reputation and local presence helped us win the bid."


 Since 2008, Helvetica has closed a dozen bank bulk reo transactions including over 400 properties. Helvetica has facilitated such transactions as a principal, as an equity partner and has provided financing to these types of deals.


About Helvetica

The Helvetica Group (helveticagroup.com) is a real estate investment bank providing innovative private lending, distressed asset acquisitions, brokerage, investment management and family office services. Helvetica is a direct lender and invests on behalf of individual investors, trusts, pension plans, retirement funds and institutional investors representing over $1 billion in combined assets. We work closely with brokers, bankers, lenders and financial advisors as strategic partners to provide clients with fast access to financing, affording them the opportunity to quickly leverage their real estate assets. The Helvetica Group and its affiliates provide alternative financing secured by a variety of property types including: residential, retail, office, apartments, storage, RV parks, mobile home parks, light industrial, mixed use and other special use properties.  



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