$4.9MM Land Refinance & Line of Credit | Driggs, ID

Terrydale Capital

Jun 18, 2024 3 Min read

blog image Deal Spotlight

Terrydale Capital has seen nearly every kind of situation under the sun when it comes to deals, which makes us fully prepared to tackle even the most unique cases. When the borrower came to us for a complex financing solution for their property in rural Idaho, we were prepared to spring into action. Today’s Deal Spotlight centers on a successful refinance with an additional line of credit draw for a land asset in Driggs, Idaho.

What We Were Up Against

The borrower came to Terrydale Capital seeking some financing on their land asset in rural Driggs, Idaho. Given both the asset type and the location, we had our work cut out for us at the outset. Additionally, the borrower wanted to both pay off the current bank loan and needed additional funds in order to fulfill the county escrows. At the time, the borrower had a long standing relationship with a national bank and was very wary about changing lenders due to this.  

How Terrydale Rose to Meet the Challenge

Our team put on their negotiating hats and were able to successfully negotiate a $2.6MM loan for the land refinance as well as a line of credit of $2.7MM in order to cover the county escrows. Through the process we maintained communication with the borrower and lender in order to navigate closing within an unstable market. Ultimately we were able to secure the following terms:

In Closing

Terrydale Capital is posed to tackle any kind of deal that comes through our doors, challenges and all. We pride ourselves on being able to guide our clients, no matter their location,  to success and secure the most competitive terms by utilizing our wide breadth of lender and industry connections. 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 LiveContact 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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