$1.06MM Industrial / Flex Acquisition | Fort Myers, FL
Terrydale Capital
May 13, 2024 2 Min read
Navigating the commercial real estate industry as a first-time borrower can sometimes be a daunting task. When a first-time borrower came to Terrydale Capital seeking an acquisition on an industrial / flex asset, our team was prepared to help them in any way towards success. .
What We Were Up Against
The client came to Terrydale Capital as a first time commercial real estate investor seeking a non-recourse loan with no PG on their acquisition. In addition, the deal was under a quick timetable, and it needed to close within a tight 2-weeks.
How Terrydale Met the Challenge
Led by Tim Peterson, our team successfully negotiated a term with a trusted lender of whom we knew could execute in a timely manner. Our team also managed communications with the lender and borrower through the process to ensure a timely close amidst current market uncertainties. Ultimately, we were able to secure the following terms:
- $1,600,000 Acquisition
- 11.00% Fixed Interest Rate
- 18-Month Loan Term
- Non-Recourse, No PG, No Prepayment Penalty
- 66.25% LTV
In Closing
At Terrydale Capital, we take pride in helping not only veteran commercial real estate investors, but new faces on the block as they make their foray into the market. Not only are we able to go to bat on your behalf and help secure the most competitive rates, we are able to perform it all with minimal stress to you on your timeline. When you need the right team behind you and your investment goals, contact 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.
