Multi-Tenant Flex Industrial Acquisition in Arlington, Texas
11 Nov, 2021 · 2 min read
Today’s Deal Spotlight takes us to a multi-tenant flex industrial property in Arlington, Texas. With the borrower scheduled to be out of the country on the closing date, trust and the coordination of many moving parts were required. Team TDC rose to the occasion.
What We Were Up Against
Our client needed working capital to expand their business and was trying to stick to a solid timeline. This was also the client’s first endeavor in commercial real estate which we were able to manage and navigate through qualification challenges to obtain optimal terms.
What Our Team Helped Turn Around
Terrydale Capital managed lender communication and borrower interviews to expedite the approval of their credit and background checks despite issues, and facilitated access to a mobile notary at their foreign location. Despite challenges, we closed successfully before the deadline on the following terms:
- A $1,000,000 Acquisition SBA Loan
- 4.50% Interest Rate
- 25-Year Loan Term
- 25-Year Amortization with 90% LTC
- $83,000 in Working Capital with 3% SBA Origination Fee Waived
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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