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RV Park Financing

RV Park financing at 4% and cash out

Tags: RV Park Financing, RV Park Loans
Tuesday, Dec 08, 2020
by Angela Kesselman

Summary:  The Madison Group (TMG), a leading national lending source of Mobile and RV Park financing, arranged the $1,550,000 cash out refinance of an RV park in Southern Utah.

The borrower’s goals were to get a good long-term rate and cash out of a park that they have owned and operated for several years now.  The park is well located near several of Utah’s National Parks.   They are using the cash to buy two other well located parks in the state. 

TMG was able to get a significant amount of cash out of the property to purchase the two other properties.  In addition, the amortization of the new loan is 25 years and the long-term fixed rate at 4%.  The rate and am are significantly lower than the existing debt in place, which provides good cash flow, even with the cash out. 

Location:  Utah

Property:  RV Park

Loan Amount: $ 1,550,000

Interest Rate: 4%

Term:   10 Years

Amortization:   25 Years

Prepayment: None 

LTV:   75%

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