A 7-Day Close? Here’s How
01 DEC, 2021 · 2 min read
Today’s deal spotlight centers on the acquisition of two multifamily properties located in Conroe and Huntsville, Texas. Despite the considerable attention to detail and legwork required, Team TDC secured a successful close in just 7 days!
What We Were Up Against
Our client came on board with numerous pre-existing lender relationships, which required us to build a solid rapport with a new party from scratch. After a series of agency pushbacks that left them with little time to recover, they were still aiming for zero long-term restrictions on a short-term loan.
What Our Team Helped Turn Around
Terrydale Capital immediately went to bat, successfully negotiating a flexible short-term solution with no minimum interest required and ensuring marketplace mobility. After airtight communication management and a consistent push on time-sensitive contracts, we closed leagues ahead of standard timelines with the following terms:
- A $4,515,000 Loan Amount
- 24-Month Term
- 9% Fixed Rate, Interest Only, No Minimum Required
- No Appraisal or PCA Required!
- 7-Day Close
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. Give us a call and see what we can do for you.
Want access to real estate opportunities you won’t find anywhere else? Check out www.terrydalelive.com.
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