$400,000 Mobile Home Park Refinance | Kempner, Texas
Terrydale Capital
Apr 26, 2024 2 Min read
Terrydale Capital retains a versatile expertise surrounding all commercial assets. When our client came to us seeking a refinance for their mobile home park in Kempner, Texas, our team was ready to go to bat for our client no matter the challenges that lay ahead.
What We Were Up Against
The borrower came to Terrydale seeking competitive terms on their mobile home park refinance. However, the deal was not without its obstacles. There stood previous discrepancies with the title regarding legal descriptions from the initial acquisition. Additionally, survey issues led to multiple delays extending the loan process out for nearly three-weeks.
How Terrydale Rose to Meet the Challenge
Our team went to work and successfully worked with a new title company to clean up needed items and ensure the necessary compliance of all needed items to close the refinance. Ultimately, we were able to secure the following terms:
- $400,000 Refinance
- 14.75% Interest Rate
- 23-Month Term
- 60% LTV
In Closing
Terrydale Capital boasts deep expertise across all sectors of commercial real estate. Drawing on our years of industry experience and strong ties with lenders, our devoted team is dedicated to exceeding client expectations by delivering top-tier financing options. When you're in search of a reliable partner for your commercial real estate investments, get in touch with 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.
