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The Madison Group arranges a $1,575,000 loan to purchase a RV Park in Texas

Tags: RVP Financing, RV Park Loans, RVP Loans, Commercial Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing, Purchase Financing, Nationwide Financing, TX Financing
Thursday, Aug 24, 2023
by Paul Kuster

The Madison Group (TMG), a leading national lending source of RV Park financing, arranged a $1,575,000 loan to purchase an existing RV Park in Texas with 99 RV pads. The borrower was an experienced RV park owner/operator and came to TMG with the goal of obtaining the best financing terms at 70% LTC/LTV.

TMG was able to work with one of its lenders to meet the borrower’s financing goals with loan terms of a 6.75% interest rate, 70% LTV/LTC, and a 30-year amortization. The lender was also able to lock in the interest rate at application which helped the client mitigate interest rate risk in a rising rate environment. TMG, the borrower, and the lender diligently worked together to close the loan within the rate lock period.

Property: RV Park

Location: Texas

Loan Amount: $1,575,000

LTC/LTV: 70%

Interest Rate: 6.75%

Term: 10 years

Amortization: 30 years

Prepayment: 3,2,1

Guarantee: Recourse



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