$3MM Multi-Family Cash-Out Refinance | Kansas City, Kansas
17th April 2023 · 2 min read
At Terrydale Capital, we understand that seizing opportunities in a fluctuating market can mean the difference between success and missed potential. In our latest Deal Spotlight, we showcase our ability to help our client obtain better terms for a refinance on their multi-family asset in Kansas City.
What We Were Up Against
Challenges arose when the PCA uncovered some minor capital expenditures that were needed. This resulted in a portion of funds being withheld pending correction of citations. Nevertheless, our team was determined to help our client overcome these obstacles and achieve their financing goals.
How Terrydale Rose to Meet the Challenge
To overcome the challenges, Terrydale Capital guided our client on steps to address the required capital expenditures, while keeping out of pocket costs at minimum and staying on schedule. The issues that came up in the PCA were addressed, resulting in full release of funds and closing as scheduled. Our experience and expertise in the industry allowed us to navigate these complexities and secure the following terms for our client:
- 10-Year Loan Term
- 65% LTV
When you see the opportunity for a refinance, look no further than Terrydale Capital. We are the number one partner and advocate you can have by your side and we will use our collective knowledge and wide range of lender contacts to ensure your success. If you’re looking for an even easier way to refinance your property, click below to check out Terrydale Live.
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