Market Updates

State of the Market March 2021

Terrydale Capital(TC) is reinforcing its commitment to sourcing high-level capital solutions for clients



Gregory Gali

01 March, 2021 · 5 min read

Terrydale Capital(TC) is reinforcing its commitment to sourcing high-level capital solutions for clients. Activities to preserve existing capital market resources and identify new ones are a key part of our strategy in the current environment.

Here are some snapshots of what we’re seeing:

Private Money: Rate Range of 6% – 14%

The private money space we are seeing a lot of activity. TC anticipates that as the market continues to adjust and if treasuries continue to go up, this space will be very active as we progress in to Q2.

Debt Funds & Bridge Lenders: Rate Range of 4% – 9%

Debt funds, like private money, are becoming more aggressive, with rates inside conventional financing options. As treasuries adjust and continue to increase, debt funds may provide a safe option for secure execution and hedging against rate risk with institutional funding options.

CMBS: Rate Range of 3.35% – 4.5%

Since the previous market update, CMBS have become even more competitive and are a preferred option for investors seeking longer-term, interest-only options with non-recourse. Mostly active in the retail and industrial space, however, since agencies have been requiring COVID Reserves, some investors recently have turned to CMBS as a competitive multi-family option, as well.

Commercial Banks: Rate Range of 2.55% – 5.50%

A significant number of regional banks are increasing niche lending for specific assets and situations. They have also been pivotal in helping Terrydale Capital navigate loan executions during COVID. This level of innovation paints a positive picture for future transactions.

Credit Unions: Rate Range of 3.25% – 4.5%

CUs are organizing loans with pre-pandemic leverage at aggressive rates. TC is tapping into this trend to provide clients with high leverage options on all asset types.

Fannie & Freddie: Rate Range of 2.95% – 4.25%

While agencies have cut back COVID reserves, they continue to reign supreme on Multi-Family execution by providing more aggressive structures for transactions that have experienced sponsors and quality deals.

FHA: Rate Range of 2.55% – 4.35%

These are still very active, especially for competitive multi-family loan structures. FHAs take a minimum of four to six months and require additional costs, but with rates on the move, a loan execution with an investment horizon of fewer than 15 years is a gamble.

Life Company: Rate Range of 2.30% and up

TC is utilizing LifeCo more than ever. This is a diverse space with alternative financing structures for investors in all asset types. Give us a call for more info.

Mezz/JV/Equity:

Investors have many ways to structure a deal in today’s market. Mezz and Equity structures allow our clients to seek larger opportunities, with options to position their transactions, starting at 5% down for qualified, experienced investors.

Want instant access to real-time commercial loan quotes? Visit Terrydale Live!

Check out Terrydale Live!

“Want to receive Weekly Market Updates, Deal Spotlights, Off-Market Opportunities, and Referral Rewards such as a Peloton?

More Deals and Updates

$1.6M Student Housing Acquisition | Boston, MA

Deal Spotlight

DEAL SPOTLIGHT $1.6 Million Student Housing Acquisition | Boston, MA19th January 2023 · 3 min readToday’s Deal Spotlight centers around a student housing acquisition in Boston, MA. Due to the current volatile market, our borrowers needed an expedited closing and...

$2.3M Self- Storage Acquisition | Lemoyne, NE

Deal Spotlight

DEAL SPOTLIGHT $2.3M Self- Storage Acquisition | Lemoyne, NE12th January 2023 · 3 min readToday's Deal Spotlight focuses on the acquisition of a Self-Storage Property in Lemoyne, NE for $2.3 million. Due to the market landscape, our clients required a quick close, and...

State of the Market | January 2023

Market Updates

Market Updates Commercial Real Estate Market Update | January 2023January 5th, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...

Debt Financing: Everything You Need To Know

Learn

Learn Debt Financing: How Is It Different from Equity Financing?December 15th, 2022 · 5 min readThere are multiple ways to finance a new business venture or fuel growth for an existing one. In most cases, businesses will outsource funds outside their own capital...

$3M Land Acquisition | Red Oak, Texas

Deal Spotlight

DEAL SPOTLIGHT $3 Million Land Acquisition | Red Oak, TX15th December 2022 · 3 min readToday’s Deal Spotlight takes us to Red Oak, Texas, and centers on the $3 million acquisition of undeveloped land. Despite looming rate changes and a critical vote on annexation...

$500K Industrial Property Acquisition | Syracuse, NY

Deal Spotlight

DEAL SPOTLIGHT $500K Industrial Acquisition | Syracuse, NY8th December 2022 · 3 min read,Today’s Deal Spotlight centers on the acquisition of an industrial CRE asset in Syracuse, New York. Our client was looking to secure competitive terms despite several challenging...

State of the Market | December 2022

Market Updates

Market Updates Commercial Real Estate Market Update | December 2022December 1st, 2022 · 4 min readTerrydale Capital is actively providing capital solutions to our clients. We are constantly in discussion with our capital market resources and identifying new resources...

$1.6M Student Housing Acquisition in Boston

Deal Spotlight

DEAL SPOTLIGHT $1.6M Student Housing Acquisition | Boston, MA17th November 2022 · 3 min readToday’s Deal Spotlight centers on the acquisition of a student housing asset in Boston, Massachusetts. Because our clients were looking to increase the unit count, it was...

SOFR Financing | Everything You Need To Need Know

Learn

Learn SOFR: What Is It and Its Implications to Commercial Real Estate? December 8th, 2022 · 5 min readThe Federal Reserve determined that American lending and financial derivatives had to be benchmarked with a more trustworthy index following the LIBOR manipulation...