10-property SFR Portfolio in REFI Denton

Today’s Deal Spotlight looks at the refinance of a 10-property SFR portfolio in Denton, TX. With a multi-family acquisition on the horizon, our client needed to secure a large amount of cash as quickly as possible. TDC’s proven track record of facilitating deals on schedule made us the clear choice.

What We Were Up Against

Prior to speaking with Terrydale Capital, our client had minimal experience in cash-out refinances, multi-family acquisitions, or their requirements. He also had all properties vested under his name, which increased liability for our lenders.

What Our Team Helped Turn Around

Utilizing a family office relationship, we acquired an interest-only, cash-out refinance for the client’s portfolio and negotiated a more flexible pay-down structure: allowing him to sell houses and decrease the liability on his portfolio loan in record time. Our client had a well-timed close on the following terms:

• A $2,200,000 Cash-Out Refinance
• Disposition Pay-Down Structure for Clear Exit
• 24-Month Term
• Interest-Only with 80% LTV

In Closing

The team at Terrydale Capital consistently goes above and beyond to secure the best possible refinancing terms for our clients. Are you dealing with issues related to market volatility during COVID-19? Worried about high fees and missing out on better options? We have ways to help. Give us a call and see what we can do for you.

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