The Madison Group, a commercial broker and loan consultant, has facilitated the financing for the purchase of an existing Cummins Diesel facility in Louisville Kentucky. The $1.8 million first mortgage loan commitment was closed in less than 45 days. This enabled the borrower to utilize a 1031 exchange with a strong national tenant. Property has a lease term shorter than the loan term, but The Madison Group was able to secure the commitment with a loan term of 10 years in a rate of 4.48%. The amortization was 25 years which will allow the buyer excellent cash flow.
“This was an excellent opportunity for us to make a loan on an out-of-state property with a high quality real estate investor,” said Jeff Meierhofer of The Madison Group, who originated the financing.
The financing was arranged by Jeff Meierhofer of The Madison Group.
The Madison Group is a commercial loan broker and consultant specializing in financing for investor properties nationwide. TMG provides flexible and reliable capital for real estate acquisitions, refinances, and re-capitalizations for a variety of property types including: multifamily, mobile home parks, credit tenant NNN net lease, office, retail, industrial, self-storage and other commercial properties in the United States. Established in 2001, The Madison Group’s intention is to provide highly competitive loan products through its superior capital market expertise and quality sources of capital. TMG works efficiently and effectively to get the transaction closed and funded.