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
  • 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

$1M Multi-Family Acquisition in Irving, Texas

$1M Multi-Family Acquisition in Irving, Texas

DEAL SPOTLIGHT $1M Multi-Family Acquisition in Irving, Texas22 September 2022 · 3 min readToday’s Deal Spotlight takes us to Irving, Texas, and centers on the $996,000 acquisition of a multi-family property. As the deal progressed, additional paperwork became...

$2.3 M Multi-Family Acquisition | San Antonio, Texas

$2.3 M Multi-Family Acquisition | San Antonio, Texas

DEAL SPOTLIGHT $2.3M Multi-Family Acquisition in San Antonio, Texas 14 September 2022 · 3 min readToday’s Deal Spotlight takes us to San Antonio, Texas, and centers on the $2.31 million acquisition of multi-family property. Our client was clear on what they wanted...

$5.6M Multi-Family Acquisition | Waco, Texas

$5.6M Multi-Family Acquisition | Waco, Texas

DEAL SPOTLIGHT $5.6M Multi-Family Acquisition in Waco, Texas 15 September 2022 · 2 min readToday’s Deal Spotlight centers on the $5.6 million acquisition of a multi-family commercial asset in Waco, Texas. What We Were Up Against Our client was on a strict timeline,...

Understanding CMBS Loans

Understanding CMBS Loans

Learn Understanding CMBS LoansSeptember 15th, 2022 · 5 min readWith so many loan types available, it’s important for commercial real estate investors to understand their financing options. A commercial mortgage-backed securities (CMBS) loan represents an attractive...

$5M Self-Storage Refinance in Lexington, NC

$5M Self-Storage Refinance in Lexington, NC

DEAL SPOTLIGHT $5M Self-Storage Refinance in Lexington, North Carolina8 September 2022 · 3 min readToday’s Deal Spotlight takes us to Lexington, North Carolina, and centers on the $5 million refinance of a self-storage real estate asset. Closing a deal on a facility...

What Is Triple Net Leasing?

What Is Triple Net Leasing?

Learn What Is Triple Net Leasing and How Can It Help My Investment Strategy?September 1st, 2022 · 7 min readCommercial real estate investors have many options to choose from when it comes to leasing agreements. Triple net lease (or “triple-net” or “NNN”) properties...

State of the Market | August 2022

State of the Market | August 2022

Market Updates Commercial Real Estate Market Update | August 2022August 25th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...

Multi-Tenant Retail Acquisition | McKinney, Texas

Multi-Tenant Retail Acquisition | McKinney, Texas

DEAL SPOTLIGHT $2.9M Multi-Tenant Acquisition | McKinney, Texas18 August 2022 · 4 min read This week's deal spotlight focuses on an acquisition loan for a multi-tenant retail asset in the amount of $2.9 million. Located in McKinney, TX, this property was purchased...