fbpx
DEAL SPOTLIGHT

Land Acquisition in Temple, Texas

Terrydale Capital

02 Mar, 2022 · 2 min read

Today’s Deal Spotlight centers on the acquisition of a land asset in Temple, Texas. While this was one of Terrydale Capital’s more straightforward deals with no surprises from start to finish, it’s also another successful close in our rapidly growing portfolio.

What We Were Up Against

With a hard 2-week deadline and no room for flexibility in the contract timing, our borrower wanted a financing firm that could ensure things went right the first time. They also needed both title and lender flexibility for a simultaneous closing, and for the lender to value their land above a specific threshold for it to go through.

What Our Team Helped Turn Around

Team TDC coordinated and facilitated a multi-contract closing within the specified time frame – one that met the minimum land value due to our negotiations with the appraiser. In short order, we closed on the following terms:

  • A $2,140,000 Acquisition
  • 10.25% Interest Rate
  • 24-Month Loan Term
  • Interest Only
  • Only $1,950 due at closing from Borrowers
  • No Exit Fee or Prepayment Penalty

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 right now to see what we can do for you.

Want first access to active opportunities and a preferred investor status? Check out www.terrydalelive.com.

Want to receive Weekly Market Updates, Deal Spotlights, Off-Market Opportunities, and Referral Rewards such as a Peloton?

More Deals and Updates

State of the Market | May 2023

State of the Market | May 2023

Market Updates Commercial Real Estate Financing State of the Market | May 2023May 4th, 2023 · 4 min readAt Terrydale Capital, we strive to provide our clients with a comprehensive array of capital solutions. To ensure that we remain current with the latest market...

$3MM Multifamily Refinance | Kansas City, MO

$3MM Multifamily Refinance | Kansas City, MO

DEAL SPOTLIGHT $3MM Multi-Family Cash-Out Refinance | Kansas City, Kansas17th April 2023 · 2 min readAt Terrydale Capital, we understand that seizing opportunities in a fluctuating market can mean the difference between success and missed potential. In our latest Deal...

State of the Market | April 2023

State of the Market | April 2023

Market Updates Commercial Real Estate Financing State of the Market | April 2023April 6th, 2022 · 4 min readAt Terrydale Capital, we are dedicated to offering our clients a diverse range of capital solutions. We make sure to stay up-to-date with the prevailing...

$9.95MM RV & Storage Acquisition | Indianapolis, IN

$9.95MM RV & Storage Acquisition | Indianapolis, IN

DEAL SPOTLIGHT $9.95MM RV and Self Storage Acquisition | Indianapolis, IN23rd March 2023 · 3 min readIn today's Deal Spotlight, we're highlighting the successful financing of a $9.95 million acquisition of an RV and Self-Storage hybrid asset in Indianapolis, Indiana....

State of the Market | March 2023

State of the Market | March 2023

Market Updates Commercial Real Estate Financing State of the Market | March 2023March 9th, 2022 · 4 min readTerrydale Capital is committed to providing our clients with a variety of capital solutions. We stay current with commercial interest rates in the market by...

A Different Coverage: Understanding DSCR

A Different Coverage: Understanding DSCR

Recent News A Different Coverage: Understanding DSCRFebruary 23rd, 2023 · 5 min readWhat is the DSCR? The debt service coverage ratio (DSCR) or debt coverage ratio is the measure of operating income available to service debt for interest, lease payments and principal....

Analyzing Housing Costs’ Impact on Multi-Family Investments

Analyzing Housing Costs’ Impact on Multi-Family Investments

Deal Spotlight Multi-Family Investments and the Impact of Escalating Housing CostsFebruary 23rd, 2023 · 5 min read After the great recession, the annual average inflation rate was often around two to three percent. Such a favorable economic atmosphere saw the...

State of the Market | February 2023

State of the Market | February 2023

Market Updates Commercial Real Estate Financing State of the Market | February 2023February 9th, 2022 · 4 min readAt Terrydale Capital, we are dedicated to delivering multiple capital solutions to our clients. We stay on top of the market by continuously engaging with...

Sign Up For The New Terrydale Newsletter!

Receive Market Updates, Industry Specific Blogs, Active Opportunities, Off-Market Opportunities, And Referral Rewards Directly To Your Inbox

You have Successfully Subscribed!