Terrydale Capital
Nov 30, 2025 5 Min read
Market Updates
December is not the off-season in commercial real estate. It is the cleanup inning.
Sellers want to clear their books. Funds need capital deployed. And lenders still want to lock in good deals before the year ends. If there is a time for urgency, it is now.
Texas and Kansas City are well-positioned. Both offer strong fundamentals, business-friendly environments, and lenders who still quote loans if the deal makes sense. Terrydale Capital works directly in this space, using market data and active deal flow to move quickly when opportunities show up.
December 2024 showed a mixed national market. Spreads were wide. Many banks stayed cautious. But the market was still active.
Private lenders, debt funds, and life insurance companies were making loans. They moved on strong assets with solid sponsors. That was especially true in two markets:
Dallas-Fort Worth, Houston, Austin, and San Antonio continued to lead the way. These metros remain among the most attractive in the country. Texas showed its usual strength even in a higher-rate environment.
Kansas City saw fewer sales and lighter activity overall. But the market was not frozen. Lenders continued to quote solid sponsors in industrial, multifamily, and certain types of retail.
So, if you are wondering whether December is a good time to close a deal, the answer is yes.
Here are real examples of what closing in December looks like in practice. These deals came through the Terrydale Capital platform.
$11.15 million financed on a flex industrial asset in the Dallas North corridor. Flex and light industrial continue to perform well. Lenders are still eager to compete on these deals if the sponsor and location are strong.
$9.3 million in debt refinanced on a stabilized multifamily property. This borrower focused on freeing equity, locking in a stable rate, and matching lender expectations on DSCR and LTV.
A $2.7 million refinance that shows how smaller deals still work. Strong in-place cash flow kept the structure clean, and leverage stayed reasonable. The borrower traded upside for certainty, which is often the best move in today’s market.
A $1.14 million multifamily acquisition in Dallas and a $550,000 land deal in Southlake. These were relationship-driven deals. The borrower valued execution over chasing a marginally better rate.
None of these deals were based on wishful thinking. They cleared because sponsors were realistic and moved with purpose.
Kansas City is not the size of DFW, but it holds its own in industrial and multifamily. The market is quieter, which means better negotiation potential for disciplined borrowers.
Here is one recent example from Terrydale Capital:
A $2 million refinance on an income-producing industrial property. The borrower pulled out equity while keeping leverage and DSCR in lender-friendly territory. This deal did not depend on outdated pricing. It worked because the structure fit today’s rate environment.
That is how deals close in Kansas City in December. Quiet on paper, strong in outcome.
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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