$983,133 Self-Storage Acquisition | Orangeburg, SC
Terrydale Capital
Sep 25, 2024 3 Min read
As the market continues to evolve, 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 acquisition in South Carolina, our team was ready to get to work.
What We Were Up Against
The borrower came to Terrydale targeting a higher-leverage loan on a storage asset in a tertiary market. However, given the size of the loan, the cash flow of the property was not hitting the adequate metrics. Additionally, unresponsive 3rd parties led to multiple delays for the deal which was under a tight deadline for funding.
How Terrydale Rose to Meet the Challenge
Our team at Terrydale - led by Lorenzo De Leon - was able to successfully negotiate a long-term loan structure with higher leverage and competitive rate via a long-standing lending relationship to avoid any complex earnout structures and receive all funds needed within a timely manner. Additionally, we utilized several business relationships to pivot to responsive 3rd parties to complete the necessary work to get the deal closed within an acceptable time frame.
- $983,133 Acquisition
- 8.07 Fixed Interest Rate
- 30-Year Loan Term
- 85% LTV
In Closing
At Terrydale Capital, we specialize in various types of commercial properties. Leveraging our extensive collective expertise and vast network of industry 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.
