The Madison Group (TMG), a leading source of industrial financing nationwide, arranged a $7,375,000 loan to purchase two location, 97,000sqft small bay industrial portfolio located in Georgia. The clients came to TMG due to the project size exceeding existing bank relationships and utilized our expertise in determining the market for this request and screening potential financing partners.
The clients had unique needs with this industrial portfolio purchase given its under market rents and tenant rollover. TMG was able to source multiple bank options and
secure financing for the purchase that included a flexible covenant package, no prepayment penalty, and through a bank lender with capacity for additional credit.
Location: Georgia
Loan amount: $7,375,000
LTV: 55%
Term: 60 months with 12 months of I/O
Rate: 6.90%
Prepayment penalty: None