The Madison Group (TMG), a leading national lending source
of Multifamily financing arranged the $1,425,000 purchase financing for a 16
unit apartment in Utah. The final loan terms were a rate of 4.00% on a 5-year
fixed term, 25-year amortization recourse financing.
The borrower goals were to purchase another multi-family
property located near additional properties he currently owns and take
advantage of the low interest rates.
TMG negotiated and worked diligently with the lender on a
truly short timeline to get the transaction closed. The borrower was able to
secure a loan with a low rate and close on time. The borrower is pleased with
the process, the professionalism of the lender, and overall execution of the
Loan Amount: $1,425,000
Interest Rate: 4.00%
Term: 5 Years
Amortization: 25 Years