DEAL SPOTLIGHT
Multi-Family Refinance in Killeen, Texas
Terrydale Capital
21 Oct, 2021 · 2 min read
Today’s Deal Spotlight centers on the refinance of a multi-family property in Killeen, Texas. With Terrydale Capital’s excellent track record in customer service and successful closes, it’s no surprise that when our Clients were unable to secure a loan via their usual Regional Bank, we were recommended right away.
What We Were Up Against
The property required a significant number of repairs that many lenders leaned away from due to risk. Our clients were also foreign nationals which some lenders are not as accustomed to working with.
What Our Team Helped Turn Around
Using our construction vendor resources, we coordinated repairs quickly and reached out to one of our preferred banks to negotiate a highly competitive refinance option with a fixed low rate. Amidst market uncertainly and other challenges, we managed a well-timed close on the following terms:
- $2,400,000 Loan Amount
- 3.45% Fixed Interest Rate
- 5-Year Loan Term
- 30-Year Amortization
- 70% LTV
In Closing
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.
Want first access to active opportunities and a preferred investor status? Check out www.terrydalelive.com.
More Deals and Updates
Michigan Industrial Refinance
DEAL SPOTLIGHT Michigan Industrial Refinance 16 June, 2022 · 4 min readToday’s Deal Spotlight takes us to Lapeer, Michigan, where we facilitated the refinance of an Industrial property asset. Despite the rising rate environment and other conditions, our client was...
Early Rate Lock Industrial Acquisition | Warren, Ohio
DEAL SPOTLIGHT Early Rate Lock Industrial Acquisition | Warren, Ohio9 June, 2022 · 2 min readToday’s Deal Spotlight centers on the acquisition of an industrial commercial property asset in Warren, Ohio. Despite the rising rate environment, our client was looking to...
Double Loan Multi-Family Acquisition | Dallas, Texas
DEAL SPOTLIGHT Double Loan Multi-Family Acquisition | Dallas, TexasJune 2, 2022 · 2 min readToday’s Deal Spotlight centers on the acquisition of a multi-family real estate asset in Dallas, Texas. Because one property was a 4-unit complex that did not qualify as...
State of the Market | May 2022
Market Updates Commercial Real Estate Market Update | May 2022May 26th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are in constant discussions with our capital market resources and are also identifying new resources...
Quick Land Acquisition Loan | Jarrell, Texas
DEAL SPOTLIGHT Quick Land Acquisition | Jarrell, TexasMay 19, 2022 · 2 min readToday’s Deal Spotlight centers on a land acquisition in Jarrell, Texas. Our clients wanted to partner with experts in this niche, so they chose TDC. What We Were Up Against There was a time...
Hard Money Loans
LEARN Hard Money Loans: A Solid, Short-Term StrategyMay 11, 2022 · 5 min readInvesting in the commercial real estate industry is an excellent way to grow and diversify your portfolio, especially if you’re looking for long-term stability and strong returns. However,...
Single-Tenant Retail Refinance | Pueblo, Colorado
DEAL SPOTLIGHT Single-Tenant Retail Refinance | Pueblo, ColoradoMay 05, 2022 · 2 min readToday’s Deal Spotlight centers on the refinance of a single-tenant retail asset in Pueblo, Colorado. Our client had high hopes for the results of this deal, and of course, our...
State of the Market | April 2022
Market Updates Commercial Real Estate State of the Market: April 2022April 28th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are in constant discussions with our capital market resources and are also identifying new...
Multi-Family Purchase and Renovation | Midlothian, Texas
DEAL SPOTLIGHT Purchase and Renovation of a Multifamily Asset in Midlothian, Texas14 April, 2022 · 2 min readToday’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...
