DEAL SPOTLIGHT

February 11st, 2021

Today’s spotlight centers on the successful acquisition financing of a multi-family property in Las Vegas that is 100% leased to military veterans

Gregory Gali

12 February, 2021 · 5 min read

Today’s spotlight centers on the successful acquisition financing of a multi-family property in Las Vegas that is 100% leased to military veterans. The master-leased multi-family asset required special attention throughout the process, and Terrydale Capital was up for the challenge.

What We Were Up Against

Due to its master lease status, the Lenders were heavily focused on the rent roll and future management. The Appraiser also determined the property had a 25-year economic life instead of 30 and the Borrower’s level of activity in the market required the deal to be closed as soon as possible despite the extra diligence required in the scenario.

What Our Team Helped Turn Around

Using our all-hands-on-deck approach to negotiation, the TDC team structured six months of interest-only to offset the revised 25-year amortization period. Our Team’s detailed rent roll analysis brought to light the length of tenancy per unit to boost the Lender’s confidence with new management, and by close we had:

  • 3.95% Fixed Interest Rate on a 5-Year Term
  • 6-Months Only Interest
  • 65% 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!

Want first access to active opportunities and a preferred investor status?

“Want to receive Weekly Market Updates, Deal Spotlights, Off-Market Opportunities, and Referral Rewards such as a Peloton?

More Deals and Updates

Deal Spotlight – Office Cash Out Refi

Deal Spotlight – Office Cash Out Refi

DEAL SPOTLIGHT April 1st, 2021 Today’s deal spotlight takes us to an Oak Cliff Office Building in Dallas01 April, 2021 · 5 min read 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...

March 2021 State of the Market

March 2021 State of the Market

Market Updates State of the Market March 2021 Terrydale Capital(TC) is reinforcing its commitment to sourcing high-level capital solutions for clients01 March, 2021 · 5 min read Terrydale Capital(TC) is reinforcing its commitment to sourcing high-level capital...

Deal Spotlight – Vegas Baby!

Deal Spotlight – Vegas Baby!

DEAL SPOTLIGHT February 18th, 2021 Today’s spotlight centers on the successful acquisition financing of a multi-family property in Las Vegas that is 100% leased to military veterans18 February, 2021 · 5 min read Today’s spotlight centers on the successful acquisition...

Deal Spotlight – Successful Cash Out Refi

Deal Spotlight – Successful Cash Out Refi

DEAL SPOTLIGHT February 3rd, 2021 Today's spotlight centers on the successful cash-out refinance of a multi-family property in Garland, Texas03 February, 2021 · 5 min read Today's spotlight centers on the successful cash-out refinance of a multi-family property in...

State of the Market-NNN

State of the Market-NNN

Market Updates NNN Demand on the Rises The onset of the COVID-19 pandemic has sent waves of volatility through global economies and industries, and real estate is no exception01 February, 2021 · 5 min read Triple net lease properties prove a reliable investment...

2020 Year Review

2020 Year Review

Market Updates 2020 Year Review Terrydale Capital 2020 Year Review20 January, 2021 · 5 min read "Want to receive Weekly Market Updates, Deal Spotlights, Off-Market Opportunities, and Referral Rewards such as a Peloton?More Deals and Updates

Deal Spotlight – Successful Multi Unit Bridge Loan

Deal Spotlight – Successful Multi Unit Bridge Loan

DEAL SPOTLIGHT January 18th, 2021 Today we’re turning the spotlight on an apartment building in Arlington, Texas18 January, 2021 · 5 min read Today we’re turning the spotlight on an apartment building in Arlington, Texas. The 44-unit multi-family property proved to be...

Deal Spotlight – Ground Up Success in Houston, TX

Deal Spotlight – Ground Up Success in Houston, TX

DEAL SPOTLIGHT December 21st, 2020 Today we’re looking at the financing of a ground-up SFR construction project in Sugar Land, TX21 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,...

November 2020 State of The Market

November 2020 State of The Market

Market Updates State of the Market 11.13.2020 Terrydale Capital is actively providing capital solutions to our clients13 November, 2020 · 5 min read Terrydale Capital is actively providing capital solutions to our clients. We are in constant discussions with our...