How to Prepare for a Refinance
Terrydale Capital
Nov 8, 2023 3 Min read
In commercial real estate investing, the search for a better, more competitive interest rate seems like a never ending battle. With many investors in the modern markets saddled with a less than optimal interest rate, opportunities to refinance when the markets equalize can be a large step in gaining further financial stability. In many cases, the opportunity for a refinance can come quickly and sometimes unexpectedly - this is why it always pays to be prepared for the eventuality of a refinance. In this blog we will dive into the checklist of what is needed to smoothly and successfully perform a refinance for your commercial property.
Your Refinance Checklist:
- Paydown your credit cards and seek so increase your credit limits
- Increase your amount of liquid cash
- Update your Real Estate Owned information and make sure all data is accurate and up-to-date.
- Prepare your property by undergoing exterior and interior maintenance. This will make sure your property shows well.
- Be sure to avoid other large transactions right before and/or during the refinance process.
- Consult with financial professionals that are up to speed with the market and are abreast to what lenders are most active and effective for your specific deal.
How Terrydale Capital Can Help You Achieve A Successful Refinance:
As mentioned before, it is pertinent to consult with financial professionals that are up-to-date and on top of the market in order to engage the best opportunity to perform a refinance. With our thumb planted firmly on the market, we are confident in our capability to guide investors to the most successful outcomes for their investments. Additionally, with tight relationships to over 1,000 of the nation’s top lenders, we understand and can confer with the ones that are the most active and the right fit for your deal to secure the most competitive refinancing rates available.
When you are seeking your opportunity to refinance, contact us at Terrydale Capital today or submit your refinance completely online at Terrydale Live.
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.
