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The Madison Group arranged a $1,085,000 loan to purchase 55.43 acres in Montgomery County, Texas

Tags: Land Purchase Loans, Commercial Financing, Nationwide Financing, Construction Loans, Development Financing
Wednesday, Feb 15, 2023
by Paul Kuster

The Madison Group (TMG), a leading national lending source of commercial real estate financing, arranged a $1,085,000 loan to purchase 55.43 acres in Montgomery County, Texas.

The clients came to TMG requesting a high leverage loan to purchase the land. The client’s goals were to subdivide the property using one of the parcels for building a new corporate office campus and developing the other parcels for various company purposes.

TMG was able to work with a lender to provide a 70% loan to value land loan which allowed the clients to put less money down than previous land acquisitions they had completed.

Property: Land

Location: Texas

Loan Amount: $1,085,000

Interest Rate: 2 years fixed at 7.25%

Term: 2-year term

Amortization: 25-Years

LTV: 70%

Prepayment: No pre-payment penalty

Guarantee: Recourse



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