Jun 10, 2021 2 Min read
Today’s Deal Spotlight takes us to Memphis, Tennessee, where our Client was seeking a cash-out refinance of over 30 properties in their SFR Portfolio. Despite being an experienced investor with many local bank connections, the non-recourse nature of the intended product was unfamiliar territory. Team TDC stepped in to close the gaps.
Throughout the process, we encountered several major issues:
The TDC team was able to go above and beyond, using detailed underwriting and managed communication to ensure all parties had a solid grasp on the structures and processes, and putting together an alternative pricing structure that yielded fantastic leverage. We closed on the following terms with limited balance sheet exposure and portfolio consolidation:
The team at Terrydale Capital consistently goes above and beyond to secure the best possible refinancing terms for our clients. Are you dealing with issues related to market volatility during COVID-19? Worried about high fees and missing out on better options? We have ways to help. Give us a call and see what we can do for you.
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