Early Rate Lock Industrial Acquisition | Warren, Ohio
9 June, 2022 · 2 min read
Today’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 close with as low a fixed interest rate as possible. Our team set out to make it happen.
What We Were Up Against
Despite setbacks such as the impending interest rate rise and reasonable life estimation of 30 years, our client was also aiming for a timely close with a 25-year amortization schedule. This would require careful coordination.
What Our Team Helped Turn Around
Terrydale Capital moved quickly to lock in a rate just before it was raised by the Federal Reserve, then switched gears to negotiating the terms of the deal with a reputable bank our client had an existing relationship. With Team TDC’s skillful communication management, we closed swiftly and on the following terms:
- A $900,000 Acquisition
- 4.00% Fixed Interest Rate
- 5- Year Loan Term
- 25-Year Amortization
- 75% LTV
The team at Terrydale Capital consistently goes above and beyond to secure the best possible 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 now to see what we can do
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