The Madison Group (TMG), a premier national brokerage
specializing RV Park financing arranged the $5,500,000 refinance of a 192 pad long
term RV park in FL. The transaction
marks the end of a challenging five-year journey for the borrower, who worked
tirelessly to secure permanent financing for the growing property.
The RV park, now a proven and sustainable
cash-flowing asset, initially faced difficulty attracting long-term capital due
to its historical operations under previous ownership. Over the past five
years, the borrower navigated a demanding landscape, relying on a series of
short-term and bridge financing solutions while methodically working to
stabilize occupancy, improve infrastructure, and demonstrate the park’s
long-term viability.
The loan structure provides the borrower
financial stability and flexibility to reinvest in the property and maximize
revenue.
Location: Florida
Property: Long Term
RV Park
Loan Amount: $5,500,000
Interest Rate: 7.00%
Term: 5 Years
Amortization: 30 Years
Prepayment: 3, 3, 2,
2, 1
LTV: 65%
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The Madison Group (TMG), a premier
national brokerage specializing RV Park financing arranged the $2,000,000
refinance of a 85 pad long term RV park near Lake Okeechobee, FL. The transaction marks a pivotal
milestone for the borrower, concluding a five-year effort to bring the property
from early-stage operations to a fully stabilized, cash-flowing asset.
When
the borrower first acquired the RV park, traditional lending options were
limited due to the property’s lack of operating history, how the park was
acquired, and the need for significant
operational improvements. Over the course of several years, the owner secured
short-term capital solutions while working relentlessly to improve occupancy,
strengthen financial performance, and establish long-term viability.
TMG worked
closely with the managing member of the properties to navigate a tough lending
environment that included the COVID pandemic, rising interest rates, a tough
Florida insurance market, lender saturation with the asset class, and loan
maturities to ultimately find the perfect lender to undertake the project. Working together, we forged a loan that all
were thrilled to be part of.
Location: Florida
Property: Long Term RV Park
Loan Amount: $2,000,000
Interest
Rate: 7.00%
Term: 5 Years
Amortization: 30 Years
Prepayment: 3, 3, 2, 2, 1
LTV: 65%
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The Madison Group
(TMG), a leading nationwide source for commercial real estate financing,
successfully arranged a $36,000,000 non-recourse loan to refinance a portfolio
of six five-star manufactured housing communities located across Alabama and
Georgia.
The portfolio
consists of approximately 850 homesites, with 80%+ operated as park-owned
homes. The sponsor manages the communities in a “horizontal apartment”
model—owning and leasing the majority of homes while maintaining the
high-quality standards expected of five-star properties.
The sponsor’s
objectives were to secure a cash-out refinance with non-recourse structure and
full-term interest-only payments. Through its extensive lender network, TMG
identified a capital partner willing to underwrite the loan based on lot rents
only, without imposing restrictive covenants on the sponsor’s home-ownership
operations.
Transaction
Highlights
- Property Type: Six Manufactured Housing
Communities
- Location: Alabama & Georgia
- Loan Amount: $36,000,000
- Term: 5 Years
- Amortization: Full-Term Interest Only
- Structure: Non-Recourse | Cash-Out
Refinance
The Madison Group
continues to be a trusted financing advisor for manufactured housing community
investors nationwide, providing access to CMBS, Fannie, Freddie, bank, credit
union, and private capital solutions.
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The Madison Group
(TMG) has successfully arranged a $1,305,000 cash-out refinance for a mobile
home park in Texas. The loan was structured with a 6.75% interest rate, a
5-year term, and 25-year amortization, representing 70% loan-to-value.
This refinance
provided the borrower with liquidity for future investments while securing
long-term stability. TMG’s expertise in manufactured housing and strong lender
relationships ensured a smooth closing and competitive terms.
“This deal
reflects our commitment to delivering tailored solutions for the MHC asset
class,” said Michael Estes, Commercial Real Estate Loan Advisor at TMG.
Property: Mobile Home Park
Location: Texas
LTV: 70%
Interest Rate: 6.75%
Loan Amount: $1,305,000
Term: 5 Years
Amortization: 25 Years
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The Madison
Group (TMG), a leading national lending source of RV Park financing, arranged a
$4,200,000 loan to refinance a 65-acre RV Resort in Texas.
The clients had
a stabilized RV Park with several existing loans in place and had recently
received planning approvals to add 53 RV pads to expand the park. The client’s objective was to obtain one loan
to refinance the existing loans and borrow additional funds to construct the
additional RV pads.
The Madison
Group was able to work with one of its trusted lenders to meet the client’s
objective to fund and close the loan in a reasonable time frame.
Property: RV Resort
Location: Texas
Loan Amount: $4,200,000
LTV: 40%
Interest Rate: 7.00%
Term: 5 Years
Amortization: 20 Years
Prepayment: 5,4,3,2,1
Guarantee: Recourse
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