Self-Storage REFI in Plymouth, Pennsylvania
Terrydale Capital
Feb 17, 2022 2 Min read
Today’s deal spotlight centers on the refinance of a self-storage property in Plymouth, Pennsylvania. Though there were timing and property cash flow issues, Team TDC pushed for their resolution so the deal could proceed on time.
What We Were Up Against
Due to clashes in their respective holiday schedules, our borrower and lender had difficulties synchronizing at key points throughout the process. The lender also had concerns with the cash flow of the asset facility.
What Our Team Helped Turn Around
The cash flow issues were resolved quickly, removing the lender’s initial concerns. By stepping in to facilitate communication around all conflicting schedules, and personally ensuring all items were sent and received when needed, Team TDC facilitated a successful and timely close on the following terms:
- $2,849,000 Refinance
- 3.95% Fixed Interest Rate
- 5-Year Loan Term
- 25-Year Amortization with 70% LTV
In Closing
For the best chance of closing a real estate financing deal on your terms, look no further than Terrydale Capital. Our team consistently goes above and beyond to secure the best possible refinancing terms for our clients amidst lending restrictions, market volatility, and a lack of experience. Whatever you need, we close the gap.
Want access to real estate opportunities you won’t find anywhere else? Check out www.terrydalelive.com.
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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.
