The Madison Group (TMG), a leading national lending source of
commercial real estate financing, arranged the $1,900,000 loan for the purchase
of a 22,606 square foot, medical office building in Georgia. The borrower’s goal was to purchase the
medical office building that is only 50% occupied with maximum leverage.
TMG was able to secure a loan with 25% down payment which
also included additional tenant improvement and leasing commission funds for
lease up of the property. They also
negotiated 12 months of Interest only payments and no prepayment penalty on the
transaction, as the buyers intend to sell in the next 3 years.
Property: Medical Office Building
Loan Amount: $ 1,904,000
Interest Rate: 5.95%
Term: 12 month I/O, 3 Year term
Amortization: 25 Years