The Madison Group (TMG), a leading national lending source
of Mobile Home Park financing arranged the $1,650,000 cash out nonrecourse refinance
for a park located in Indiana. The borrower’s goals were to get cash out to buy
out a partner and make improvements to the park.
The team at TMG worked extensively with the borrower and
legal teams to mitigate title issues. In
the end the borrower received a great long term loan and low fixed rate.
Property: 90 pad Mobile
Loan Amount: $1,650,000
Interest Rate: 4.67%;
Term: 10 Years
Amortization: 30 Years