DEAL SPOTLIGHT
April 15th, 2021
Today’s deal spotlight focuses on the refinance of a retail property in Little Elm, Texas
Gregory Gali
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
$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
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
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
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
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
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
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
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
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...