fbpx
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 veterans

Gregory Gali

18 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

$1.6M Student Housing Acquisition | Boston, MA

$1.6M Student Housing Acquisition | Boston, MA

DEAL SPOTLIGHT $1.6 Million Student Housing Acquisition | Boston, MA19th January 2023 · 3 min readToday’s Deal Spotlight centers around a student housing acquisition in Boston, MA. Due to the current volatile market, our borrowers needed an expedited closing and...

$2.3M Self- Storage Acquisition | Lemoyne, NE

$2.3M Self- Storage Acquisition | Lemoyne, NE

DEAL SPOTLIGHT $2.3M Self- Storage Acquisition | Lemoyne, NE12th January 2023 · 3 min readToday's Deal Spotlight focuses on the acquisition of a Self-Storage Property in Lemoyne, NE for $2.3 million. Due to the market landscape, our clients required a quick close, and...

State of the Market | January 2023

State of the Market | January 2023

Market Updates Commercial Real Estate Market Update | January 2023January 5th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...

Debt Financing: Everything You Need To Know

Debt Financing: Everything You Need To Know

Learn Debt Financing:  How Is It Different from Equity Financing?December 15th, 2022 · 5 min readThere are multiple ways to finance a new business venture or fuel growth for an existing one. In most cases, businesses will outsource funds outside their own capital...

$3M Land Acquisition | Red Oak, Texas

$3M Land Acquisition | Red Oak, Texas

DEAL SPOTLIGHT $3 Million Land Acquisition | Red Oak, TX15th December 2022 · 3 min readToday’s Deal Spotlight takes us to Red Oak, Texas, and centers on the $3 million acquisition of undeveloped land. Despite looming rate changes and a critical vote on annexation...

$500K Industrial Property Acquisition | Syracuse, NY

$500K Industrial Property Acquisition | Syracuse, NY

DEAL SPOTLIGHT $500K Industrial Acquisition | Syracuse, NY8th December 2022 · 3 min read,Today’s Deal Spotlight centers on the acquisition of an industrial CRE asset in Syracuse, New York. Our client was looking to secure competitive terms despite several challenging...

State of the Market | December 2022

State of the Market | December 2022

Market Updates Commercial Real Estate Market Update | December 2022December 1st, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...

$1.6M Student Housing Acquisition in Boston

$1.6M Student Housing Acquisition in Boston

DEAL SPOTLIGHT $1.6M Student Housing Acquisition | Boston, MA17th November 2022 · 3 min readToday’s Deal Spotlight centers on the acquisition of a student housing asset in Boston, Massachusetts. Because our clients were looking to increase the unit count, it was...

SOFR Financing | Everything You Need To Need Know

SOFR Financing | Everything You Need To Need Know

Learn SOFR: What Is It and Its Implications to Commercial Real Estate? December 8th, 2022 · 5 min readThe Federal Reserve determined that American lending and financial derivatives had to be benchmarked with a more trustworthy index following the LIBOR manipulation...