$950,000 Land Acquisition | San Antonio, TX
Terrydale Capital
Jun 18, 2024 3 Min read
Achieving successful financing for land assets in the current commercial market can be a difficult process for even the most seasoned investors. Having the right team behind you can help to secure financing in even the toughest market situations. Today’s Deal Spotlight centers on a successful acquisition of a land asset in San Antonio.
What We Were Up Against
The borrower came to Terrydale Capital seeking some financing on their land asset that they were buying from partners currently in a senior living asset. On top of the acquisition, the borrowers also sought cash out on the asset.
How Terrydale Rose to Meet the Challenge
Our team, led by Tim Peterson, went to work in order to find the right lender for the deal. We were able to secure a hard money lender able to perform the $400k acquisition, loop in all fees and secure the additional $450k in cash out. Our team managed communications amongst all parties in order to successfully close within the current market uncertainty. Ultimately we were able to secure the following terms:
- $950,000 Acquisition
- 100% Acquisition (400K) - The Rest Cash Out
- 14.75% Interest Rate
- 23-Month Loan Term
- Interest Only
In Closing
Terrydale Capital is prepared to handle any deal that comes our way, regardless of the challenges involved. We take pride in guiding our clients to success and securing the most competitive terms, leveraging our extensive network of lenders and industry connections, no matter where our clients are located. When you need a partner to go to bat for your cash-out-refinance, the Team at Terrydale Capital is the right choice, and now it is easier than ever to have the Team in your corner by submitting your deal through Terrydale Live. Contact us today!
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.
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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.
