$4.65MM Self-Storage Portfolio Acquisition | Milan, Michigan
Terrydale Capital
Apr 12, 2024 2 Min read
As the market remains challenging for many deals, Terrydale Capital stands poised to meet the challenges of every deal head on. When the borrowers sought the most competitive terms for the acquisition of their self-storage portfolio, our team was ready to get to work.
What We Were Up Against
The borrower came to Terrydale targeting a low fixed-rate for a stabilized deal. However, given the current market conditions, that is difficult even for a cash-flowing and stabilized property. AS always, our team went right to work.
How Terrydale Rose to Meet the Challenge
Our team at Terrydale was able to successfully lock in a sub 7.00% rate. Additionally, we were able to lock this in preemptively before the hike in U.S-based treasuries. Ultimately, we were able to secure the following terms:
- $4,650,000 Acquisition
- 6.77% Fixed Interest Rate
- 5-Year Loan Term
- 60% LTC
In Closing
At Terrydale Capital, we specialize in various types of commercial properties. Leveraging our extensive collective expertise and vast network of lender connections, our team is committed to surpassing expectations for our clients by securing the most competitive financing available. When you require a dedicated team to support your commercial real estate investing endeavors, reach out to us today!
Partner With Terrydale Capital for Your Debt Financing Needs
When it comes to debt financing, understanding the right timing, process, and options is crucial. At Terrydale Capital, we provide a comprehensive range of commercial loan solutions tailored to meet your business's unique needs.
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Headquartered in Dallas, Texas, Terrydale Capital is a leader in commercial real estate financing. We have close relationships with the nation’s top banks, lenders & family offices allowing us to provide the most competitive financing solutions in the market.
