The Madison Group (TMG), a leading source of industrial financing nationwide, arranged a $4,500,000 loan to purchase a multi-tenant, 52,000sqft industrial / flex facility in Gwinnett County Georgia. The property was purchased by an Atlanta based operator from an out of market owner.
The Madison Group was able to source financing through a Life Insurance company comfortable with the property type, location, and borrower’s experience. The interest rate, proceeds, and covenant requirements were significantly better than what was available through the borrower’s existing bank relationships.
Location: Georgia
Loan amount: $4,500,000
LTC: 71%
Term: 25 Years
Rate: 6.125%; adjusted every 3 years
Prepayment penalty: Yield Maintenance
Recourse No Financial Covenants or Deposit Requirements