The Madison Group (TMG), a leading national lending source
of commercial real estate financing arranged a 75% LTV purchase money
transaction for a mixed use building in the historic area of a resort town in
Utah.
The borrower needed to close on the transaction in 45 days
and wanted competitive rates and terms on this empty property in a prime
location.
TMG was able to close the transaction in the timeframe needed
at a rate of 4% on a 25 year amortization with a 15 year term and no prepayment
penalty for this repeat client.
Location: Utah
Property: Mixed Use
Interest Rate: 4%
Term: 15 years,
fixed for 10
Amortization: 25 years
Prepayment: None
LTV: 75 %