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Industrial building financing

Recent Closed Loan: $6.2MM SBA loan for an industrial building in Texas

Tags: industrial loans, warehouse, SBA financing
Tuesday, Jun 23, 2020
by Brandi Link

Summary:  The Madison Group (TMG), a leading national lending source for Industrial financing, arranged the $6,250,000 SBA 7A cash out refinance for an Industrial Building in Texas.

The client had a single directive in mind when engaging TMG - to find the best source of financing that would combine their 1st and 2nd mortgages, payoff high interest rate loans, and allow them to pay down an existing equipment loan.

TMG assisted with the various financing requirements and overcame a lot of obstacles throughout the loan process.  By working directly with the lender, borrower and underwriting team, the loan closed in a timely manner. The client was very pleased with the professionalism that TMG provided to them and the terms of the new long term.

Location:  Texas

Property:  Industrial Building

Loan Amount: $6,250,000

Interest Rate:  5.00%

Term:   25 Years with 1 Year Interest Only

Amortization:   25 Years




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