The Madison Group (TMG), a leading national lending source
of Multifamily Financing arranged the $1,162,000 nonrecourse refinance with
cash out for an apartment building located in Utah. The borrower’s goals were to
lower their current rate with a longer fixed term. He plans to use the cash out to start
construction on a new multifamily property.
The TMG team worked diligently to ensure a timely closing by assisting
the borrower and lender during the transaction.
Loan Amount: $1,162,000
Interest Rate: 3.85%.
Term: 15 Year
Amortization: 30 Year