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The Madison Group arranges a $2,900,000 loan to refinance an office building in California.

Tags: Office financing, NNN financing, financing retail center, no prepayment penalty loans, nationwide financing, refinance office loan, credit tenant financing, commercial loans, commercial real estate mortgage, loan for NNN office facility, California commercial real estate loans, financing office building, loans for office building, refinance office building, commercial real estate loans.
Tuesday, Jun 11, 2024
by Kyle Losch

The Madison Group (TMG), a leading national source of financing for office buildings, arranged a $2,900,000 loan to refinance an office building in California. Looking to refinance their current life company loan before the maturity date, the client reached out to TMG and asked for loan options. The client was particularly looking for a loan with a few years of interest only payments, a 30-year amortization, and the ability to prepay the loan without penalty. 

TMG worked with several lenders to provide a variety of quotes to the client. One lender, really went above and beyond with their terms, checking off all the client’s boxes: refinance loan, 3 years I/O, 30-year amortization, and no prepayment penalty. The client was very happy and now has the ability to pay off his property whenever he wants.

  

Property: NNN Office  

Location: California  

Loan Amount: $2,900,000

Interest Rate: 6.5%

Term: 10 years  

Interest Only: 3 years

Amortization: 30 years                  

Prepayment:  None        

Guarantee: Full Recourse



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