NEW YORK—Helios Capital Advisors has sold and closed on two non-performing loans secured by properties in Brooklyn. The recent transactions include an approximately $1.7 loan secured by a four-story, 29-unit, 26,126-sq.-ft. multifamily property as well as a $418,000 loan secured by a four-story, 12-unit, 4,050-sq.-ft. co-op in Brooklyn Heights.
The first loan was closed within 20 days, according to Josh Malka, managing director at Helios Capital Advisors.
The second loan “was a low-leveraged loan,” said Malka. “It traded above the par amount of $418,000. Our clients intend to pursue the foreclosure.”
Helios Capital Advisors LLC is based in Woodbridge, N.J. and New York, N.Y. The firm provides a full range of advisory services on behalf of private, institutional and corporate lenders and investors in the secondary market for the purpose of efficiently trading commercial mortgage loans, REO assets and investment properties throughout New York, New Jersey, Pennsylvania and Connecticut.