Summary: The Madison
Group (TMG), a leading national lending source of real estate finance, arranged a $3,000,000 refinance of construction
loan to a long term conventional permanent loan for a Car Wash 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 integrated into borrower’s financing
plans, learned and understood goals, assisted with various financing
requirements across multiple lender programs. The team was able to alleviate paperwork
overhead of borrower’s staff, assisted with terms negotiations, and worked with
all partners to successfully close two locations in the Utah market. TMG is currently working on multiple other
loans for locations nationwide.
Property: Tunnel Car
Loan Amount: $3,000,000
Interest Rate: 4.25%
Term: 10 Years
Amortization: 20 Years