$2.3MM Land Refinance | Dallas, Texas
Terrydale Capital
May 13, 2024 2 Min read
Timing can be a crucial factor in determining the success of a commercial real estate investment, and in some cases, beating the clock is a must. When the client came to Terrydale Capital seeking a quick refinance on their land asset, our team was prepared to take the challenge head on.
What We Were Up Against
The client came to us urgently needing to get out of their current loan through a refinance. Additionally, the borrower needed additional cash out to help in their plan for a construction takeout loan at a later time.
How Terrydale Met the Challenge
In standing with their time urgency, our expert, Tim Peterson, was able to close within 30-days with a lender that was capable of executing quickly while also getting the client cash out. Amidst market uncertainty, our team balanced communications with the lender and the borrowers to ensure the timely close. Ultimately, we were able to secure the following terms:
- $2,325,000 Refinance
- 13.50% Fixed Interest Rate
- 2-Year Loan Term
- Interest Only
- 58% LTV
In Closing
At Terrydale Capital, we have always put our clients first, no matter the situation. 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. 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.
