DEAL SPOTLIGHT

First-Time Borrower Multi-Family Acquisition

Gregory Gali

05 August, 2021 · 2 min read

Today’s deal spotlight centers on the acquisition of a multi-family property in San Angelo Texas. As a first-time borrower with limited experience in commercial, multi-family investments, our client needed a financing team that could get the job done right the first time. TDC’s track record showed we were up for the task.

What We Were Up Against

The two major issues were ones Terrydale Capital was more than equipped to handle:

  • The Borrower was targeting a heavy value-add investment opportunity in a tertiary market.
  • The client had not invested and operated in this market before.

What Our Team Helped Turn Around

Through careful strategizing that mitigated the above concerns in this first-time, we assisted in facilitating a solid relationship between parties that led to a successful close on the following terms:

  • A $555,000 Loan Amount
  • 9.5% Fixed Interest Rate
  • 24-Month Term, Interest Only
  • 78% LTC

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!

 

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