$2.14M Multi-Tenant Office Acquisition | Plano, Texas
September 1st, 2022 · 3 min read
Today’s Deal Spotlight highlights the recent acquisition of a multi-tenant office CRE asset in Plano, Texas. For this one, part of the client party was out of the country during closing and wanted all hands on deck to ensure the deal would go as smoothly as possible. Team TDC was more than happy to deliver.
What We Were Up Against
Going in, our clients were clear that they needed the maximum possible leverage we could source on the acquisition. There were also some concerns regarding credit on one of the business partners, which had resulted in their first lender backing out.
What Our Team Helped Turn Around
Terrydale Capital went in with a game plan, using our contacts to quickly negotiate a new lending program that hit all the key points the client had lost after the first deal. Through a combination of close collaboration and creative thinking, we were able to keep closing on track despite the client falling off the grid during the process, and pulled through with the following terms:
- A $2,144,000 Acquisition
- 3% Fixed Interest Rate
- 5-Year Loan Term
- 20-Year Amortization
- 75% LTV
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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