$2.9M Land Refinance | Leander, Texas
20 October 2022 · 3 min read
Today’s Deal Spotlight takes us over to Leander, Texas, for the refinance of a land asset. While one of our more straightforward deals, some previous work with this client played a big part in our incredibly smooth close.
What We Were Up Against
Our client had acquired this land asset utilizing short-term private money and needed to refinance into a longer-term loan before their current loan matured.
What Our Team Helped Turn Around
Through a trusted lender and an excellent long-standing relationship, Team TDC was able to secure financing in the stipulated period with zero delays. Because of our careful maintenance of client records, as the facilitators of the short-term private money loan, we already had the necessary borrower documents, property documents, and third parties completed, and closed in minimal time for our client on the following terms:
- A $2,959,450 Refinance
- Prime + 2%
- 12-Month Term
- Interest Only
When it comes to commercial real estate financing, Terrydale Capital is the number one partner and advocate an investor can have on their side. We prioritize competitive terms and client success regardless of deal size and complexity and elevate the resources and decision-making processes available to new and experienced investors.
Want exclusive opportunities to boost your current portfolio? Visit terrydalelive.com.
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