Customer Spotlight: Timberline Fitness Studio
At Allegiance Bank, we are anchored by a strong belief in the power of local. Your community is our community, which only fuels our drive to help you meet and exceed your goals. It was an absolute privilege to work alongside like-minded local business owner Dean Theriot of Timberline Fitness Studio. He loves Houston as much as we do, and is committed to seeing his community thrive.
The Timberline Story
Dean opened the doors of Timberline Fitness Studio in 1996, and it has been a family affair ever since. Dean’s wife, his oldest son and his son’s wife all work there, but as Dean notes, everyone who frequents the gym feels like family. Having built his life around Timberline, he takes great pride in his family-owned and operated venture, and wanted to lay the groundwork for sustained growth that would allow everyone who works at Timberline to ultimately retire working there.
To do this, Dean knew he needed a larger space on land that he owned to be able to provide the best fitness facility and experience possible. He leased his first location for roughly 22 years, and during that time took over additional space in the building as other tenants moved out. While the business continued to grow, the flow of the gym wasn’t ideal, and didn’t leave additional room for sustained growth.
Desiring to stay as close to his current Montrose location as possible, he found a large enough lot only a half mile away, and the project kicked off. When discerning a financial partner for the initiative, Dean noted that Allegiance Bank was the clear choice.
“They care about the community and they’re willing to be patient even if your pockets are not endlessly deep. ”-Dean Theriot, Timberline Fitness Studio Founder.
A Bump in the Road
Allegiance Bank Vice President and Lender Dillon Wilcox at our Woodway location worked closely with Dean to navigate the ins and outs of the environmental, surveying and appraisal processes that accompanied the build. The end of the lease for his current space was in sight, and the timing all seemed to align. Unfortunately, some unexpected delays complicated the original plan.
An SBA loan was the best course of action for Dean, however it required a longer closing timeline, which was problematic due to construction delays. Dillon worked quickly with Dean to find the best solution given the changing situation. They moved forward with a standard construction loan to help Dean maintain his timeline, and partnered with Allegiance Bank Executive Vice President and SBA Manager Gary Henderson on an SBA refinance plan that would ultimately provide him with better repayment terms, longer maturity and amortization, and lower equity requirements.
“Dillon and the team at Allegiance stepped up in a way that other banks wouldn’t even consider. They were interested in more than numbers; it was obvious who the community bank was,” Dean noted of the process.
Open for Business
Upon project completion, Dean and his family opened the doors to the new facility in early November of 2019. The beautiful space boasts three floors with stunning views, incredible light, on-site parking, state-of-the-art cardiovascular and weight-training equipment, a Pilates studio, a basketball court, and ample space for a variety of other exercises.
Congratulations to Timberline Fitness Studios on execution of an incredible initiative; we are thankful for your commitment to our community and are excited about all that is to come for your business.
If you’re looking for a friendly neighborhood gym to live out your 2020 fitness resolutions, stop by the studio at 4305 Jack Street in the Houston Montrose neighborhood. Dean can’t wait to meet you!