$3.6MM Industrial/Flex Acquisition | Dallas, TX
Terrydale Capital
Mar 19, 2024 3 Min read
In the world of commercial real estate, time can be of the essence. Today’s deal spotlight centers on the acquisition of an industrial / flex asset in Dallas, Texas where our team was able to successfully close on the borrowers tight timetable.
What We Were Up Against
The borrower came to Terrydale Capital seeking financing for the acquisition of an industrial / flex asset. Additionally, the client sought to achieve a non-recourse loan with no PG while singing on the behalf of an LP fund. At the outset we were presented with a tighter timetable by the borrower to work with, which meant we needed to spring into action immediately. .
How Terrydale Rose to Meet the Challenge
Our team leapt to action immediately and moved quickly to get ahead of the already tight timetable. We managed communication with both the lender and borrowers in order to ensure a timely close amidst market uncertainties. Additionally, we successfully negotiated a quick close with a new lending relationship that will be able to work with the client moving forward given their unique loan structure. Ultimately, we were able to secure the following terms:
- $3,600,000 Acquisition
- 11.00%Fixed Interest Rate
- 2-Year Loan Term
- Interest Only
- 60% LTV
- Non-Recourse / No PG
In Closing
When time is of the essence, being prepared when investing in commercial real estate is always top priority. Therefore, it always pays to have the right team in your corner like Terrydale Capital. When you need a partner to go to bat for you to ensure all of your bases are covered, the Team at Terrydale is the right choice. 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.
