fbpx
DEAL SPOTLIGHT

April 15th, 2021

Today’s deal spotlight focuses on the refinance of a retail property in Little Elm, Texas

Gregory Gali

15 April, 2021 · 5 min read

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

By meeting with the Client and Lender before site visits to optimize the property for showing and communicating with the Lender to get them on board with projected income expenses, TDC closed on the following satisfactory terms:
  • 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?

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

More Deals and Updates

Michigan Industrial Refinance

Michigan Industrial Refinance

DEAL SPOTLIGHT Michigan Industrial Refinance 16 June, 2022 · 4 min readToday’s Deal Spotlight takes us to Lapeer, Michigan, where we facilitated the refinance of an Industrial property asset. Despite the rising rate environment and other conditions, our client was...

Early Rate Lock Industrial Acquisition | Warren, Ohio

Early Rate Lock Industrial Acquisition | Warren, Ohio

DEAL SPOTLIGHT Early Rate Lock Industrial Acquisition | Warren, Ohio9 June, 2022 · 2 min readToday’s Deal Spotlight centers on the acquisition of an industrial commercial property asset in Warren, Ohio. Despite the rising rate environment, our client was looking to...

Double Loan Multi-Family Acquisition | Dallas, Texas

Double Loan Multi-Family Acquisition | Dallas, Texas

DEAL SPOTLIGHT Double Loan Multi-Family Acquisition | Dallas, TexasJune 2, 2022 · 2 min readToday’s Deal Spotlight centers on the acquisition of a multi-family real estate asset in Dallas, Texas. Because one property was a 4-unit complex that did not qualify as...

State of the Market | May 2022

State of the Market | May 2022

Market Updates Commercial Real Estate Market Update | May 2022May 26th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are in constant discussions with our capital market resources and are also identifying new resources...

Quick Land Acquisition Loan | Jarrell, Texas

Quick Land Acquisition Loan | Jarrell, Texas

DEAL SPOTLIGHT Quick Land Acquisition | Jarrell, TexasMay 19, 2022 · 2 min readToday’s Deal Spotlight centers on a land acquisition in Jarrell, Texas. Our clients wanted to partner with experts in this niche, so they chose TDC. What We Were Up Against There was a time...

Hard Money Loans

Hard Money Loans

LEARN Hard Money Loans: A Solid, Short-Term StrategyMay 11, 2022 · 5 min readInvesting in the commercial real estate industry is an excellent way to grow and diversify your portfolio, especially if you’re looking for long-term stability and strong returns. However,...

Single-Tenant Retail Refinance | Pueblo, Colorado

Single-Tenant Retail Refinance | Pueblo, Colorado

DEAL SPOTLIGHT Single-Tenant Retail Refinance | Pueblo, ColoradoMay 05, 2022 · 2 min readToday’s Deal Spotlight centers on the refinance of a single-tenant retail asset in Pueblo, Colorado. Our client had high hopes for the results of this deal, and of course, our...

State of the Market | April 2022

State of the Market | April 2022

Market Updates Commercial Real Estate State of the Market: April 2022April 28th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients.   We are in constant discussions with our capital market resources and are also identifying new...

Sign Up For The New Terrydale Newsletter!

Receive Market Updates, Industry Specific Blogs, Active Opportunities, Off-Market Opportunities, And Referral Rewards Directly To Your Inbox

You have Successfully Subscribed!