Summary: The Madison
Group (TMG), a leading source of lending nationwide, arranged a $4,500,000 loan
to complete the construction of a partially built 27-unit town home
project. The out of state borrower had funded the
project personally and decided midway through the project to put debt in place
to conserve cash.
TMG was able to put a construction loan in place to for the
completion the of the project and give the owner back some of the funds that he
had already injected. He received a
one-year note fixed at 5%.
Loan Amount: $4,500,000
Interest Rate: 5%
Term: 1 Year