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Today’s deal spotlight takes us to a multi-family property in Fort Worth
Today’s deal spotlight takes us to a multi-family property in Fort Worth. As a first-time investor in the Texas market, our Client needed a commercial financing partner with the experience and relationships to open the right doors. Once again, TDC proved the clear and trusted choice.
What We Were Up Against
In addition to being out-of-state and new to the Texas market, the Borrower also had a limited background in real estate investment. For most Lenders, this could prove to be a red flag.
What Our Team Helped Turn Around
TDC took an immediate and managed approach to building Lender confidence by assisting the client in organizing their background in investments to showcase their sophistication and understanding of commercial real estate, along with outlining the potential lending relationship with the bank. Communication emphasized the experience of the Borrower in other investment areas and successfully built third-party confidence to close on the following terms:
- $1,470,000 Loan Amount
- 70% LTV
- 3.30% Rate
- 5-Year Loan Term
- 30-Year Amortization
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.
Your Success is our Priority!
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