CHARLOTTE, N.C., Jan. 19 /PRNewswire/ -- AllBridge Investments announced today it has successfully completed the sale of its majority equity stake in Helix Financial Group LLC (Helix) to BlackRock, Inc. The sale of its ownership in the boutique commercial real estate consulting and technology firm marks the successful conclusion of AllBridge's eighteen month investment in the firm.
Larry Brown, Managing Partner with AllBridge, commented, "We acquired Helix at a time of unprecedented distress in the mortgage markets and provided the firm with both the critical economic stability, as well as the additional technical resources necessary to help position the company into the attractive asset BlackRock has sought.
"This transaction provides Helix's management team and their credit analytics and underwriting products new avenues for growth under Blackrock's leadership, while allowing us to increase our focus on our central business of analyzing and structuring investments in real estate properties, collateralized mortgage backed securities, and other real estate-related investments. As a part of the broader Blackrock Solutions®, we believe the Helix platform will be able to reach the next level globally and we look forward to continuing to work with them in the future as a strategic customer."
Terms of the transaction were not disclosed.
Founded in 2007 by John Bartling, Larry Brown, and Cory Olson, AllBridge Investments is a commercial real estate investing platform that is a majority-owned portfolio company of Allied Capital Corporation. AllBridge is an active participant in the commercial real estate capital markets, including direct lending, acquiring loan participations and whole loans and investing in commercial real estate securities. AllBridge has offices in Charlotte, North Carolina and Dallas, Texas.
SOURCE AllBridge Investments