Jun 22, 2022 3 Min read
Today’s Deal Spotlight centers on the acquisition of a commercial multifamily asset in Garland, Texas. From the outset, it was clear that factors surrounding liquidity, expiration dates, and deadlines would create obstacles to a successful close. Therefore, our client needed a team with the experience to tackle this head-on.
As a pre-requisite to sufficient liquidity for the deal, our client had to first refinance two commercial properties and sell another. They also had expiring payoff statements to work around, and their entities were due for a renewal which could cause further delays.
This was a three-in-one financing project, as Team TDC had to quickly close the two pre-requisite refinances and then move in to tackle the acquisition. After successfully working with the Secretary of State to reinstate our client’s LLC before the payoff statements could expire and delay the closing date by 30 days, we also secured a loan from the seller with no origination or exit fees to offset reduced loan dollars. Right on time, we closed with the following terms:
Terrydale Capital consistently goes above and beyond to secure the best-refinancing terms for our clients. Whether your deal is a standard acquisition, a complicated beast requiring extra negotiation and managed communication, or something in-between, we have ways to help. Give us a call to see what we can do for you.
Want first access to active opportunities and a preferred investor status? Click Below
Partner With Terrydale Capital for Your Debt Financing Needs
When it comes to debt financing, understanding the right timing, process, and options is crucial. At Terrydale Capital, we provide a comprehensive range of commercial loan solutions tailored to meet your business's unique needs.