2-in-1 Self Storage Acquisition in Texas
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
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.
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