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TMG arranged a 75% LTV purchase for a mixed use building in Utah

Wednesday, Oct 14, 2020
by Barb

The Madison Group (TMG), a leading national lending source of commercial real estate financing arranged a 75% LTV purchase money transaction for a mixed use building in the historic area of a resort town in Utah.

The borrower needed to close on the transaction in 45 days and wanted competitive rates and terms on this empty property in a prime location.   

TMG was able to close the transaction in the timeframe needed at a rate of 4% on a 25 year amortization with a 15 year term and no prepayment penalty for this repeat client. 

Location:  Utah

Property:  Mixed Use

Interest Rate:  4%

Term:   15 years, fixed for 10

Amortization:  25 years

Prepayment:  None

LTV:  75 %

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