$2.3MM Land Acquisition and Development | Roanoke, Texas
Terrydale Capital
Feb 29, 2024 2 Min read
Terrydale Capital is always prepared to meet the challenge for any commercial asset that comes our way, even the most specialty ones. Today’s deal spotlight centers on the $2.3 million dollar acquisition and development of a land asset for an auto asset in Roanoke, Texas. When the borrower needed the right financing for their goals, our team was ready to step up to the plate.
What We Were Up Against
The borrower came to Terrydale in hopes of securing competitive terms for their acquisition and development project. However, a mixture of personal issues with the seller and equity issues led to challenges when securing the additional funds needed. This led to a material change in deal structure and timing.
How Terrydale Rose to Meet the Challenge
Our team at Terrydale was able to successfully negotiate a short-term deal to lock down the necessary funding and mitigate the deal structure concerns. Ultimately, we were able to secure the following terms:
- $2,345,000 Acquisition
- 12.00% Floating Interest Rate
- 12-Month Loan Term
- 70% LTC
In Closing
Terrydale Capital is versed in every type of commercial property. With our years of collective knowledge coupled with our wide array of lender connections, our team is poised to go above and beyond on behalf of our clients to secure the most competitive financing possible. When you need the right team behind you for your commercial real estate investing needs, 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.
