The Madison Group, a leading national source of industrial
financing, arranges a $7,000,000 loan for the acquisition and conversion of a
60,000sqft flex building in Georgia. The borrowers purchased this property
adjacent to I-85 in Duluth at an attractive price due to vacating tenants and
were seeking a lending partner to support a business plan converting the
building into multiple spec suites. The sponsors have extensive experience
in this property type and sought a lender that would support this project and
business plan at conventional lending rates.
Location: Georgia
Loan Amount: $7,000,000
LTC: 58%
Term: 2 years
Guarantee: Recourse