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The Madison Group secures the $5.95M purchase money loan on an RV Park in Wyoming

Tags: RV Park Financing, Nonrecourse loans for RV Parks, Cashout
Thursday, Feb 04, 2021
by Angela Kesselman

The Madison Group (TMG), a leading national lending source of RV Park financing secures the $5.95M purchase money loan on an RV Park near a national park in Wyoming.

The RV Park is a transient park located near the entrance to Yellowstone.  The client had a lease option on the park for many years and wanted to move forward with the purchase.  He had invested a large sum of capital into capital improvements while leasing the property.  The value of the park had increased dramatically during the lease option period, and the buyer needed to make sure he secured the contract and finalized the purchase.

The borrower wanted to secure financing that would give him a low rate but also give him the opportunity to get some of his capital back out of the transaction.  TMG was able to structure a purchase financing that offered a long-term low rate and gave the buyer a significant amount of cash back at closing. 

Location:  Wyoming

Property:  RV Park

Loan Amount: $ 4,950,000

Interest Rate: 3.6 % fixed for 10 years

Term:   10 Years

Amortization:  25 Years

Prepayment:   5% declining

LTV:  65 %

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