$513K Industrial Refinance | Haltom City, Texas
Terrydale Capital
Oct 12, 2022 2 Min read
Today’s Deal Spotlight highlights the refinance of an Industrial real estate asset in Haltom City, Texas. Though our client had an existing relationship with a national bank, they wanted to connect with someone local for this deal. Terrydale Capital was happy to connect them with a resource on our home turf.
What We Were Up Against
Due to some gaps in organization, most of the required documentation on the property was not immediately available. Interest rates also spiked halfway through the sign-up process, which put the initial expected interest rate in danger.
What Our Team Helped Turn Around
Team TDC immediately got to work, helping put together financials and rent rolls and tracking down other missing entity files. As soon as rates spiked, we initiated a rate lock process through a resource in Lubbock, and tied everything together to secure the following terms in a timely manner:
- A $513,295 Refinance
- 5.00% Fixed-Interest Rate
- 20-Year Amortization
- 75% LTV
In Closing
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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Headquartered in Dallas, Texas, Terrydale Capital is a leader in commercial real estate financing. We have close relationships with the nation’s top banks, lenders & family offices allowing us to provide the most competitive financing solutions in the market.
