 Student Housing Financing Summary: The Madison
Group (TMG), arranged the financing for a $861,000 rate and term refinance
for a student housing property in Utah. The borrower’s goals were to lower
their interest rate with a 10-year term and close as expeditiously as possible.
TMG worked closely with the client and the lender to get the
loan closed with a great rate and term. The underwriting occurred during the
holidays, but TMG managed to close the loan in the month of January - meeting the borrower’s
goals.
Location: Utah
Property: Student
Housing Apartments
Loan Amount: $ 861,000
Interest Rate: 4.125 %
Term: 10 Years
Amortization: 25 Years
Prepayment: No prepayment
penalty
LTV: 36%
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 Mobile Home Park Financing Summary: The Madison
Group (TMG), a leading national lending source of Mobile Home Park financing nationwide,
arranged the $1.564,000 loan for the purchase of a low occupancy park in
Michigan. The borrowers were looking for maximum
financing on the purchase transaction.
The property had a high number of vacant pads in the park,
exceeding 50%. The borrowers were able
to purchase the property at a good price from a seller that lacked the finances
to add additional homes. TMG was able to
secure a long-term loan with a 20 year term, 20 year amortization, at 75% of
the purchase price. TMG worked with a
lender to become comfortable with the buying group and their ability to fill up
the park. The loan was structured with one
year of interest only payments to help with the cash flow during lease.
Location: Michigan
Property: 203 pad
mobile home park
Loan Amount: $ 1,564,000
Interest Rate: 5.62%
Interest Only for the first 12 months
Term: 20 Years
Amortization: 20
Years
Prepayment: 3/2/1%
declining
LTV: 75 %
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 Car Wash Loan 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.
Location: Utah
Property: Full-Service
Tunnel Car Wash
Loan Amount: $4,500,000
Interest Rate: 4.57%
Term: 10 Years
Amortization: 20 Years
Prepayment: None
LTV: 65%
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Summary: The Madison Group (TMG), a leading national lending
source of industrial flex financing nationwide, arranged the loan for a $5,225,000
purchase of an industrial flex building with an absolute NNN national tenant in
Ft. Worth, TX.
The client had a single directive and goal in mind when
engaging The Madison Group to source financing: find the very best loan
available that would maximize cash flow and return on investment. Additionally, the deal had to close in 60 days
to fulfill the requirement of a 1031 exchange.
The Madison Group secured a lender who ultimately competed for the
deal. The transaction closed on time
with excellent rates and terms leaving the client extremely pleased with the
process and product.
Location: Texas
Property: Industrial
Flex / NNN Lease
Loan Amount: $2,875,000
Interest Rate: 3.95%
Term: 5 Years
Amortization: 30 Years
Prepayment: 5, 4, 3, 2, 1
LTV: 55%
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Summary: The Madison
Group (TMG), a leading national lending source of Mobile Home Park Financing nationwide,
arranged the $1,000,000 purchase loan for a 96 unit mobile home park in
Southern Illinois.
The borrowers were seeking to work with a consultant and
lender that could approach a tough transaction with both sensibility and speed. Although a well-established park with
excellent operating history and a very experienced buyer, the transaction
presented certain hurdles that needed to be overcome by the right lender for
the transaction. With the flexibility
and speed requested, the lender was able to secure an approval for the amount
requested and terms anticipated and with the help of The team at The Madison
Group navigated a challenging closing process to get the park under ownership
prior to closing deadlines.
Location: Illinois
Property: Mobile Home
Park
Loan Amount: $1,000,000
Interest Rate: 6.25% Interest Only
Term: 5 Years
Amortization: 30 Years
LTV: 74%; LTPP: 87%
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