The Madison Group (TMG), a leading national lending source
of RV Park financing secures the $5.95M purchase money loan on an RV Park near
a national park in Wyoming.
The RV Park is a transient park located near the entrance to
Yellowstone. The client had a lease
option on the park for many years and wanted to move forward with the purchase. He had invested a large sum of capital into
capital improvements while leasing the property. The value of the park had increased
dramatically during the lease option period, and the buyer needed to make sure
he secured the contract and finalized the purchase.
The borrower wanted to secure financing that would give him
a low rate but also give him the opportunity to get some of his capital back
out of the transaction. TMG was able to
structure a purchase financing that offered a long-term low rate and gave the
buyer a significant amount of cash back at closing.
Property: RV Park
Loan Amount: $ 4,950,000
Interest Rate: 3.6 % fixed for 10 years
Term: 10 Years
LTV: 65 %