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The Madison Group arranged the financing for a $2.2M purchase and expansion of an RV park in Oklahoma

Tags: RV Park, RV Park Financing, RV Park Loans, Commercial Real Estate, Commercial Loans, Commercial Real Estate Loans, Purchase Financing, Interest only loans, Nationwide Financing, OK Financing
Friday, Jan 06, 2023
by Kyle Losch

The Madison Group (TMG), a leading source of RV park financing nationwide, arranged a $1.54M loan to purchase and expand an RV park in Oklahoma. The repeat clients came to TMG requesting a higher leverage acquisition and development loan with 12 months of I/O and a 30-year amortization.    

The property consisted of 52 RV pads, 14 cabins, a bunkhouse, a lodge, and an apartment. The sponsors wanted to acquire the park and expand it by adding 30 RV pads with full hookups and 4 cabins. The park had several amenities, city water, and a septic/lagoon. This was a value-add purchase that needed a lender that could see the potential of the park and that could get comfortable with the septic/lagoon.

TMG overcame the challenges of the park by working with a lender that could see the sponsors’ vision. TMG worked with the lender to close a $1.54M loan with a $350K advance for the expansion of the park. The loan included 12 months of interest only payments to allow the sponsors time to complete the expansion project. The clients were excited and ready to maximize the park’s potential.

Location: Oklahoma

Loan amount: $1,540,000

LTV/LTC: 70%

Term: 10 years

Rate: 7.34%

Amortization: 12-months I/O – followed by 30-year amortization



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