$675,000 Land Acquisition | McKinney, Texas

Terrydale Capital

Oct 25, 2023 3 Min read

blog image Deal Spotlight

In a difficult market marked by uncertainties and a stringent lending environment, investors are often at odds when it comes to acquiring competitive financing options for their commercial real estate investments. When our client came to us, they sought a creative team to help finance their development project. In today’s deal spotlight, we explain how our team put our creative minds to work on a land asset with conservative lenders and reached competitive terms for our client. 

What We Were Up Against

At the outset, the borrowers were pre-leasing the development. Initially they were targeting an acquisition and construction loan in tandem. However, due to current market conditions and the risk of the speculative market, this proved rather challenging. 

How Terrydale Met the Challenge

Through successful negotiations, we were able to acquire a short-term hard money land acquisition deal which was able to mitigate the larger timing constraint. This allowed for additional time to hit crucial metrics and mitigate leasing concerns for the competitive construction financing. Ultimately we were able to secure the following terms:

In Closing

Despite a volatile market and changing lender criteria - Terrydale Capital is on top of every shift by using our collective knowledge acquired through hundreds of successful deals. No matter the difficulty or simplicity, Terrydale Capital’s commitment to our clients’ success will always put us one step ahead in the process of securing the most competitive financing available. And now it is easier than ever to have access to our team with Terrydale Live. With the full ability to secure financing all online with the full support of our dedicated team beside you, it has never been easier to invest in commercial real estate. 

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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