$1.32MM Multifamily Refinance | Kansas City, Missouri
Terrydale Capital
Nov 14, 2023 3 Min read
When it comes to maneuvering the financing realm through careful negotiation, Terrydale Capital had our word cut out for us on this deal. However, Terrydale Capital still achieved a successful refinance for our client on their 13-unit multifamily asset in Kansas City. See how our team navigated a tight timetable in a difficult market surrounded by fluctuating interest rates to successfully close this deal
What We Were Up Against
The borrower came to Terrydale Capital seeking competitive terms for a refinance on their multifamily asset. Much like any refinance time was of the essence, especially in a market marred by interest rate fluctuations. As the refinance moved forward into the closing process, rates increased which ultimately meant a lowering in overall proceeds from the transaction.
How Terrydale Rose to Meet the Challenge
Despite the drop in proceeds, our team put on their negotiating hats and were able to successfully close the refinance with a below-market interest rate. Ultimately, we were able to secure the following terms:
- $1,320,000 Refinance
- 7.10% Interest Rate
- 5-Year Loan Term
- 20-Year Amortization
- 60% LTV
In Closing
Terrydale Capital is posed to tackle any kind of deal that comes through our doors, challenges and all. We pride ourselves on being able to garner success for our clients and secure the best terms by utilizing our wide breadth of lender and industry connections as well as taking advantage of market opportunities when they come. When you need a partner to go to bat for your refinance, the Team at Terrydale is the right choice, and now it is easier than ever to have the Team in your corner with Terrydale Live. Contact us today!
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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.
