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
$8,822,684 Land Loan Refinance | Salado, Texas
DEAL SPOTLIGHT $8.8M Land Loan Refinance | Salado, Texas11 August, 2022 · 4 min readToday's Deal Spotlight centers around the closing of a land refinance loan that's valued at $8.82 million. Located in Salado, Texas, the land deal was finalized with a WSJ prime + 1%...
Multi-Family Refinance | Saint Joseph, Missouri
DEAL SPOTLIGHT Multi-Family Refinance| Saint Joseph, Missouri4 August 2022 · 3 min readToday’s Deal Spotlight centers on the $2.9 million refinance of a multi-family commercial asset in Saint Joseph, Missouri. This 76-unit property was owned by multiple parties with...
State of the Market | July 2022
Market Updates Commercial Real Estate Market Update | July 2022July 27th, 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...
1,676,250 Industrial Acquisition | Tyler, Texas
DEAL SPOTLIGHT $1,676,250 Industrial Acquisition| Tyler, Texas20 July, 2022 · 3 min readToday’s Deal Spotlight takes us to Tyler, Texas, and centers on the $1.67 million acquisition of an industrial real estate asset. Reluctant to settle for a rate in the low 5.00s...
SBA 7(a) Loans Refinancing to SBA 504
LEARN SBA 7(a) Loans Refinancing to SBA 504July 21st , 2022 · 6 min readFor small business owners, the recent rule change that allows SBA 7(a) loans to be refinanced with an SBA 504 at up to 85% of the loan value is cause for celebration. While both are solid options...
$3,171,000 Retail Acquisition | Dallas Texas
DEAL SPOTLIGHT $3,171,000 Retail Acquisition| Dallas, Texas13 July, 2022 · 3 min readToday’s Deal Spotlight takes us to Dallas, Texas, and centers on the $3.17 million acquisition of retail assets. It was also important for our client to have enough capital to cover...
When To Arrange a 1031 Exchange
LEARN When to Arrange a 1031 ExchangeJuly 7th , 2022 · 4 min readIf you currently own an investment property but are considering selling it in the near future to purchase another property, you might want to take advantage of a 1031 tax-deferred exchange. By using a...
State of the Market | June 2022
Market Updates Commercial Real Estate Market Update | June 2022June 29th, 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...
Texas 3-in-1 Multi-Family Financing
DEAL SPOTLIGHT 3-in-1 Multi-Family Acquisition | Garland, Texas22 June, 2022 · 3 min readToday’s Deal Spotlight centers on the acquisition of a commercial multifamily asset in Garland, Texas. From the outset, it was clear that factors surrounding liquidity, expiration...