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DEAL SPOTLIGHT

Self-Storage REFI in Plymouth, Pennsylvania

Terrydale Capital

17 Feb, 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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