Deal Spotlight – April 1st, 2021
Today’s deal spotlight takes us to an Oak Cliff Office Building in Dallas, where the TDC team facilitated a cash-out refinance for a customer we originated a rehab loan for just 9 months prior. As the market continues to recover, we’re staying steadily ahead of new and returning opportunities.
What We Were Up Against
The Borrower’s newly-renovated residential-turned-office property needed a loan to obtain a majority of their initial cash-out investment, as well as a updated appraisal to realize their return.
What Our Team Helped Turn Around
In addition to successfully negotiating a higher appraisal value, we secured a higher leverage point with the lender to maximize our Client’s investment cash-out. By managing communication with all parties and providing a stable touchpoint for negotiations amidst market uncertainty, at close we delivered:
- 75% LTV
- 4.00% Fixed Interest Rate
- 10-Year Loan Term
- 25-Year Amoritization
The team at Terrydale Capital consistently goes above and beyond to secure the best possible refinancing terms for our clients. Are you dealing with issues related to market volatility during COVID-19? Worried about high fees and missing out on better options? We have ways to help. Give us a call and see what we can do for you.
Your Success is our Priority!
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