DEAL SPOTLIGHT
Quick Land Acquisition | Jarrell, Texas
Terrydale Capital
May 19, 2022 · 2 min read
Today’s Deal Spotlight centers on a land acquisition in Jarrell, Texas. Our clients wanted to partner with experts in this niche, so they chose TDC.
What We Were Up Against
There was a time constraint on how quickly our clients needed to close, and they were up against a 1031x deadline. Due to the number of parties involved, coordinating with each contact to hit key milestones was also a huge undertaking.
What Our Team Helped Turn Around
Team TDC first established a central point of contact for all parties involved, streamlining communications and negotiations every step of the way. In addition to arranging private money to bolster the deal, we also pushed for crucial terms and extensions for our client that allowed for the successful closing on the following terms:
- A $4,750,000 Loan
- 8.50% Fixed Interest Rate
- Interest-Only with No Prepayment Penalty
- 62% LTV
In Closing
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 for you.
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