DEAL SPOTLIGHT
2-in-1 Self Storage Acquisition in Texas
Terrydale Capital
18 August 2022 · 4 min read
Today’s Deal Spotlight centers on the $524k acquisition of a self-storage CRE asset in Texas that closed in June 2022. Our clients had two major milestones they wanted to hit with this deal and determined TDC was the CRE financing firm best suited to deliver.
What We Were Up Against
In addition to 80% leverage on two facilities sitting in secondary/tertiary markets, our clients also wanted us to ensure they had the time necessary to gather the required capital for their down payment.
What Our Team Helped Turn Around
Team TDC went in strong on the negotiations, securing the higher leverage our clients wanted using a combination of property financials and buyer strength. By utilizing a contract extension to give them the time needed to get their funds in order, we closed on their timeline with the following terms:
- A $524,684 Acquisition
- 5.15% Fixed Interest Rate
- 5-Year Loan Term
- 20-Year Amortization
- 80% LTC
In Closing
When it comes to commercial real estate financing, Terrydale Capital is the number one partner and advocate an investor can have on their side. We prioritize competitive terms and client success regardless of deal size and complexity and elevate the resources and decision-making processes available to new and experienced investors.
Want exclusive opportunities to boost your current portfolio? Visit terrydalelive.com.
More Deals and Updates
A Different Coverage: Understanding DSCR
Recent News A Different Coverage: Understanding DSCRFebruary 23rd, 2023 · 5 min readWhat is the DSCR? The debt service coverage ratio (DSCR) or debt coverage ratio is the measure of operating income available to service debt for interest, lease payments and principal....
Analyzing Housing Costs’ Impact on Multi-Family Investments
Deal Spotlight Multi-Family Investments and the Impact of Escalating Housing CostsFebruary 23rd, 2023 · 5 min read After the great recession, the annual average inflation rate was often around two to three percent. Such a favorable economic atmosphere saw the...
State of the Market | February 2023
Market Updates Commercial Real Estate Financing State of the Market | February 2023February 9th, 2022 · 4 min readAt Terrydale Capital, we are dedicated to delivering multiple capital solutions to our clients. We stay on top of the market by continuously engaging with...
Terrydale Capital 2022 Year In-Review
Recent news TDC 2022 Year In-Review8th February 2023 · 3 min readMore Deals and Updates
$1.6M Townhome Refinance | Dallas, TX
DEAL SPOTLIGHT $1.6M Townhome Refinance | Dallas, TX2nd February 2023 · 3 min readToday’s Deal Spotlight centers around the refinance of a townhome property in the Highland Park, TX. Continue reading to discover how our team overcame challenges such as missing...
$1.6M Student Housing Acquisition | Boston, MA
DEAL SPOTLIGHT $1.6 Million Student Housing Acquisition | Boston, MA19th January 2023 · 3 min readToday’s Deal Spotlight centers around a student housing acquisition in Boston, MA. Due to the current volatile market, our borrowers needed an expedited closing and...
$2.3M Self- Storage Acquisition | Lemoyne, NE
DEAL SPOTLIGHT $2.3M Self- Storage Acquisition | Lemoyne, NE12th January 2023 · 3 min readToday's Deal Spotlight focuses on the acquisition of a Self-Storage Property in Lemoyne, NE for $2.3 million. Due to the market landscape, our clients required a quick close, and...
State of the Market | January 2023
Market Updates Commercial Real Estate Market Update | January 2023January 5th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...
Debt Financing: Everything You Need To Know
Learn Debt Financing: How Is It Different from Equity Financing?December 15th, 2022 · 5 min readThere are multiple ways to finance a new business venture or fuel growth for an existing one. In most cases, businesses will outsource funds outside their own capital...
