Summary: The Madison
Group (TMG), a leading national lending source of Multifamily financing
arranged purchase financing in the amount of $4,000,000 on two recently
renovated multifamily buildings in a metro area in Virginia.
The non-local borrower’s goals were to find the best
financing for the properties that she had identified to satisfy her 1031
exchange. Working closely with the
lender, attorneys, selling brokers, and closing agents, The Madison Group
helped the borrower navigate a complex closing in an unfamiliar market. The transaction closed on time and all
parties concluded the process very satisfied.
Loan Amount: $4,000,000
Interest Rate: 3.8%
Term: 10 Years
Amortization: 30 Years