Apr 14, 2022 3 Min read
Today’s deal spotlight centers on the purchase and renovation of a multifamily asset in Midlothian, Texas. Sometimes it’s not just the asks that make a deal tricky, but consistent market changes & fluctuations that make each deal its own challenge. However, Team TDC always works to get you the best possible terms.
What We Were Up Against
The borrower was on a 1031 exchange with limited flexibility on timing, and reluctant to rock the boat by looking outside their circle of long-term relationships with several banks and lenders. Additionally, the underwriting of the loan request was compressed due to the limited income on the as-is financials of the property.
What Our Team Helped Turn Around
We kicked things off by negotiating a more flexible prepayment structure with the Lender and did not move forward until this was successful. Once this was in the pipeline, our experts provided hands-on, high-touch communication to keep everyone on task and on schedule and closed within the PSA timeframe on the following terms:
The team at Terrydale Capital consistently goes above and beyond to secure the best possible refinancing terms for our clients. Whether your deal is a standard acquisition, a complicated beast requiring negotiation and managed communication, or something in-between, we have ways to help. Give us a call right now to see what we can do for you.
Want first access to active opportunities and a preferred investor status? Check out www.terrydalelive.com.
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.