Summary: The Madison
Group (TMG), a leading national lending source of office financing, arranged
the $2,040,000 cash out refinance for two professional office buildings in
Utah. The borrower’s goals were to get a
cash out refinance to pay off his current debt, return some capital he used for
improvements, and have additional funds available to renovate other properties
in his portfolio. TMG worked with the lender to negotiate and secure the
requested cash out requirements of the borrower.
Location: Utah
Property: Office
Loan Amount: $2,040,000
Interest Rate: 4.25%
Term: 10 Year Term -
fixed for 5 years
Amortization:
25 Years