Double Multi-Family Cash Out REFI in Dallas, TX
08 DEC, 2021 · 2 min read
Today’s deal spotlight centers on the cash-out refinance of two multi-family properties in Dallas, Texas. Our client’s goal was a more competitive rate and the maximum amount of dollars possible. Terrydale Capital was chosen to deliver.
What We Were Up Against
Fresh out of construction with a competitively low-cost basis, in order to get our client the kind of cash and capital they required, a detailed budget analysis, market comparison, and extensive lender discussions were a must. The process needed to be very hands-on with careful attention to detail.
What Our Team Helped Turn Around
After taking an active approach to providing our lender with the required documents for credit approval, we successfully negotiated a refinance for both multi-family properties allowing 70% ARV. Our client closed with a more competitive rate, proceeds for upcoming transactions, and the following terms:
- Two Cash-Out Refinances on Multi-Family Properties
- 3.6% Fixed Rates
- 5-Year Term with 1% Pre-Pay Penalty
- 30-Year Amortization with 70% LTV
For the best chance of closing a real estate financing deal on your terms, look no further than Terrydale Capital. Our team consistently goes above and beyond to secure the best possible refinancing terms for our clients amidst lending restrictions, market volatility, and a lack of experience. Whatever you need, we close the gap.
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