Deal Spotlight- April 15th, 2021
Today’s deal spotlight focuses on the refinance of a retail property in Little Elm, Texas. The purpose of the loan was to pay off the existing debt and use cash-out proceeds towards improvements to the property. Terrydale Capital arranged financing with a Lender who offered additional proceeds to make property improvements and delivered competitive terms.
What We Were Up Against
The loan initially received some push back from Lenders due to a slight drop in spring 2020 sales due to short-term government-mandated closing due to COVID. In addition, the property needed to show well for third-party vendors to increase the likelihood of approval to refinance the existing debt.
What Our Team Helped Turn Around
- 65% LTV
- 4.00% Fixed Rate for 5-Years
- 10-Year Loan Term (5+5)
- 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?
More Deals and Updates
Deal Spotlight – Another Dallas Office Cash Out Refi
Deal Spotlight – April 8th, 2021Today, we’re taking a look at a loan request on a property that was a former auto-dealership turned office space. This property is part-tenant/part-owner occupied and the neighborhood is transitional with significant construction in the...
Deal Spotlight- Dallas SBA Loan Closed
Deal Spotlight- Dallas SBA Loan ClosedToday’s deal spotlight takes us to an Oak Cliff Office Building in Dallas, where the TDC team facilitated a cash-out refinance for a customer we originated a rehab loan for just 9 months prior. As the market continues to recover,...
Deal Spotlight- Ft. Worth Apt. Closed
Deal Spotlight- Dallas SBA Loan ClosedToday’s deal spotlight takes us to a multi-family property in Fort Worth. As a first-time investor in the Texas market, our Client needed a commercial financing partner with the experience and relationships to open the right...
Deal Spotlight- Texas Self Storage Closed
Deal Spotlight- April 22nd, 2021Today’s deal spotlight takes us to A-1 Self Storage in Houston, TX. This was a particularly challenging assignment, as we navigated SBA and Conventional financing options during COVID and surge in PPP loans during this transaction. ...
Deal Spotlight – Office Cash Out Refi
Deal Spotlight – April 1st, 2021Today’s deal spotlight takes us to an Oak Cliff Office Building in Dallas, where the TDC team facilitated a cash-out refinance for a customer we originated a rehab loan for just 9 months prior. As the market continues to recover, we’re...
March 2021 State of the Market
State of the MarketMarch 2021Terrydale Capital(TC) is reinforcing its commitment to sourcing high-level capital solutions for clients. Activities to preserve existing capital market resources and identify new ones are a key part of our strategy in the current...
Deal Spotlight – Vegas Baby!
Deal SpotlightToday’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...
Deal Spotlight – LifeCo Loan Closed
Deal SpotlightToday’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...
Deal Spotlight – Successful Cash Out Refi
Deal Spotlight – February 3rd, 2021Today's spotlight centers on the successful cash-out refinance of a multi-family property in Garland, Texas. Terrydale Capital originally arranged the acquisition financing back in Spring 2020 and was able to refinance this property...