$1,676,250 Industrial Acquisition| Tyler, Texas
20 July, 2022 · 3 min read
Today’s Deal Spotlight takes us to Tyler, Texas, and centers on the $1.67 million acquisition of an industrial real estate asset. Reluctant to settle for a rate in the low 5.00s per the current market, our client reached out to Team TDC for a better deal.
What We Were Up Against
Not only were current rates higher than our client’s desired range, but the industrial property was also in a location with a long-standing trend of lower property values. This had the potential to negatively impact the appraisal. One of the guarantors also refused to sign the note, further complicating the closing process.
What Our Team Helped Turn Around
Prioritizing rate negotiation, Team TDC reached out to our network of lenders to secure a 4.65% rate, then worked on providing detailed comparable market analysis to help support asset value. We ended up obtaining a successful market appraisal. With the guarantor adamant they would not sign, we also re-negotiated the guarantor structure to keep the risk profile low and closed on the following terms:
- A $1,676,250 Acquisition
- 4.65% Fixed Interest Rate
- 5-Year Loan Term
- 25-Year Amortization with 75% LTV
When it comes to commercial real estate financing, Terrydale Capital is the number one partner and advocate an investor can have on their side. We prioritize competitive terms and client success regardless of deal size and complexity and elevate the resources and decision-making processes available to new and experienced investors.
Want exclusive opportunities to boost your current portfolio? Visit terrydalelive.com.
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