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

$1M Multi-Family Acquisition in Irving, Texas

$1M Multi-Family Acquisition in Irving, Texas

DEAL SPOTLIGHT $1M Multi-Family Acquisition in Irving, Texas22 September 2022 · 3 min readToday’s Deal Spotlight takes us to Irving, Texas, and centers on the $996,000 acquisition of a multi-family property. As the deal progressed, additional paperwork became...

$2.3 M Multi-Family Acquisition | San Antonio, Texas

$2.3 M Multi-Family Acquisition | San Antonio, Texas

DEAL SPOTLIGHT $2.3M Multi-Family Acquisition in San Antonio, Texas 14 September 2022 · 3 min readToday’s Deal Spotlight takes us to San Antonio, Texas, and centers on the $2.31 million acquisition of multi-family property. Our client was clear on what they wanted...

$5.6M Multi-Family Acquisition | Waco, Texas

$5.6M Multi-Family Acquisition | Waco, Texas

DEAL SPOTLIGHT $5.6M Multi-Family Acquisition in Waco, Texas 15 September 2022 · 2 min readToday’s Deal Spotlight centers on the $5.6 million acquisition of a multi-family commercial asset in Waco, Texas. What We Were Up Against Our client was on a strict timeline,...

Understanding CMBS Loans

Understanding CMBS Loans

Learn Understanding CMBS LoansSeptember 15th, 2022 · 5 min readWith so many loan types available, it’s important for commercial real estate investors to understand their financing options. A commercial mortgage-backed securities (CMBS) loan represents an attractive...

$5M Self-Storage Refinance in Lexington, NC

$5M Self-Storage Refinance in Lexington, NC

DEAL SPOTLIGHT $5M Self-Storage Refinance in Lexington, North Carolina8 September 2022 · 3 min readToday’s Deal Spotlight takes us to Lexington, North Carolina, and centers on the $5 million refinance of a self-storage real estate asset. Closing a deal on a facility...

What Is Triple Net Leasing?

What Is Triple Net Leasing?

Learn What Is Triple Net Leasing and How Can It Help My Investment Strategy?September 1st, 2022 · 7 min readCommercial real estate investors have many options to choose from when it comes to leasing agreements. Triple net lease (or “triple-net” or “NNN”) properties...

State of the Market | August 2022

State of the Market | August 2022

Market Updates Commercial Real Estate Market Update | August 2022August 25th, 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...

Multi-Tenant Retail Acquisition | McKinney, Texas

Multi-Tenant Retail Acquisition | McKinney, Texas

DEAL SPOTLIGHT $2.9M Multi-Tenant Acquisition | McKinney, Texas18 August 2022 · 4 min read This week's deal spotlight focuses on an acquisition loan for a multi-tenant retail asset in the amount of $2.9 million. Located in McKinney, TX, this property was purchased...