Supplemental Financing Options
Madison Group (TMG), a leading national lending source of multifamily financing,
arranged a supplemental loan in the amount of $1,171,000. The 32-unit town home project was purchased
with agency financing a year and a half ago at a low LTV.
TMG assisted the borrowers with the original purchase of
the property with a FNMA loan. The
clients purchased the property with this loan type with the intent of
increasing their proceeds once they were able to increase the operating
income. TMG locked in a low rate 2nd
mortgage which is co-terminus with the 1st mortgage, and the client
was able to recapture a good portion of their original cash infused into the transaction.
Loan Amount: $ 1,171,000 2nd mortgage
Term: 13.5 Years