Multi-Family Refinance in Killeen, Texas
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
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.
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