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The Madison Group arranges a $2,500,000 loan to purchase a mobile home park in Florida

Tags: MHC Financing, MHP Financing, MHC Loans, MHP Loans, Mobile Home Park Loans, Mobile Home Park Financing, Mobile Home Park Lender, Commercial Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing
Tuesday, Nov 28, 2023
by Kyle Losch

The Madison Group (TMG), a leading national lending source of mobile home park financing nationwide, arranged a $2,500,000 loan to purchase a mobile home park in Florida. The park had 103 lots and 26 park owned homes. The sponsor was purchasing the park to infill the remaining empty lots with park owned homes. The loan was structured with an earnout as well as a $1,000,000 loan to purchase mobile homes to infill the park.

Property:  MHP

Location: Florida

LTV: 70%

Loan Amount: $2,500,000

Interest Rate:  8.96%

Term: 5 years

Amortization: 30 years

Prepayment: 3,2,1,

Guarantee:  Recourse



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