Summary: The Madison
Group (TMG), a leading national lending source for Industrial financing,
arranged the $6,250,000 SBA 7A cash out refinance for an Industrial Building in
Texas.
The client had
a single directive in mind when engaging TMG - to find the best source of
financing that would combine their 1st and 2nd mortgages,
payoff high interest rate loans, and allow them to pay down an existing
equipment loan.
TMG assisted with the various financing requirements and overcame
a lot of obstacles throughout the loan process. By working directly with the lender, borrower
and underwriting team, the loan closed in a timely manner. The client was very
pleased with the professionalism that TMG provided to them and the terms of the
new long term.
Location: Texas
Property: Industrial
Building
Loan Amount: $6,250,000
Interest Rate: 5.00%
Term: 25 Years with
1 Year Interest Only
Amortization: 25 Years