$1,392,600 Industrial Acquisition | Cedar Hill, TX
Terrydale Capital
Feb 2, 2024 3 Min read
Maneuvering the commercial financing space is never as straightforward as it may seem. Working through the process often presents a varying degree of caveats and challenges that make no two deals the same. The same goes for our deal spotlight today, which centers on the acquisition of an industrial asset in Cedar Hills, Texas. Here, our team had to navigate challenges that rose during the loan process that needed careful care in order to rectify.
What We Were up Against
After already being engaged in the loan process, ownership and status issues arose which presented challenging changes. These required specific documentation and detailed explanations in order to push with the original ownership structure. Due to the nature of the loan being under a sale/leaseback structure, the rent that was to be paid on the lease was above market rent, which has the potential to decrease the overall loan amount.
How We Met Those Challenges
In order to maintain the original ownership structure, we were able to successfully relay and acquire the complex and necessary documentation. Our team was also able to successfully negotiate changes in the loan structure to afford additional flexibility, which helped mitigate the needed changes due to the over-market rent. Ultimately we were able to secure the following terms:
- $1,392,600 Acquisition
- 61% LTV
- 7.25% Interest Rate
- 5-Year Term
- 30-Year Amortization
In Conclusion
At Terrydale Capital, our team understands that every deal requires a unique and creative approach. Our team is prepared to analyze every angle of a deal in order to take challenges in stride and put our extensive knowledge and networks to use in order to secure the most competitive financing possible. See how we can finance your next commercial real estate project. Call us today.
Partner With Terrydale Capital for Your Debt Financing Needs
When it comes to debt financing, understanding the right timing, process, and options is crucial. At Terrydale Capital, we provide a comprehensive range of commercial loan solutions tailored to meet your business's unique needs.
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Headquartered in Dallas, Texas, Terrydale Capital is a leader in commercial real estate financing. We have close relationships with the nation’s top banks, lenders & family offices allowing us to provide the most competitive financing solutions in the market.
