Summary: The Madison
Group (TMG), a leading national lending source of construction and permanent
finance nationwide, arranged the combined $4,500,000 refinance of construction
loans to long term conventional permanent loans for two car washes in Utah.
With the borrower scaling on a national level, TMG was asked
to help place both construction and permanent debt in certain high growth
markets. TMG assisted with various
financing requirements across multiple lender programs in order to alleviate
paperwork overhead of borrower’s staff.
Additionally, they assisted with terms negotiations, worked with all
partners, to successfully close two loan for the properties in the Utah
market. TMG is currently working on
multiple other loans for locations nationwide.
Tunnel Car Wash
Loan Amount: $4,500,000
Interest Rate: 4.57%
Term: 10 Years
Amortization: 20 Years