Ground-Up SFR Construction Project in Sugar Land, TX
21 December, 2020 · 5 min read
Today we’re looking at the financing of a ground-up SFR construction project in Sugar Land, TX. Our Client, a seasoned, accredited investor, and large-scale commercial developer decided to reach out to Terrydale Capital due to the team’s track record when it comes to time-sensitive closings and experience in ground-up construction deals.
What We Were Up Against
The time sensitivity of the project was further strained by the need for swift diligence processing and the expediting of third-party reports.
What Our Team Helped Turn Around
Our hands-on approach to facilitating open communication with the borrowing team, third parties, and the lender, and fast-tracking relevant requirements allowed Terrydale Capital to close before the deadline. The final terms included:
- $2,424,000 Loan Amount
- Prime + 2% and No Pre-Payment Penalty
- 5-Year Term with 18 Months Interest Only
- 70% LTV
- 25-Year Amortization
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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