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Multifamily Portfolio Financing

The Madison Group arranged the $7.5MM refinance for a SFR portfolio in Texas

Tags: multifamily portfolio financing, Multifamily loans, Texas nonrecourse loans, Cashout loans for multifamily properties
Wednesday, Aug 11, 2021
by Paul Kuster

Summary:  The Madison Group (TMG), a leading national lending source of SFR Portfolio financing, arranged the $7,553,000 refinance for a 48-property portfolio in north Texas.  The final terms were a 5-year term, interest only, with a rate of 4.07%.  The loan is non-recourse and the borrower received cash out from the transaction.

The 48-property portfolio consists of 25 SFRs and 23 duplexes located in the Fort Worth TX residential market.

The borrower’s goals were to refinance out of its existing recourse-debt into non-recourse debt at a lower interest-only rate which increased monthly cash flow from the portfolio. They also wanted to take cash out to invest in other commercial real estate opportunities.

TMG was able to help the borrower meet its goals by offering several financing solutions that allowed the borrower to select the optimal financing solution that met the timing of the borrower’s priorities and objectives.

Location:  Texas

Property:  48 Unit Single Family Residences and Duplexes

Loan Amount: $7,553,000

Interest Rate:  4.07%

Term:   5 Years

Amortization:   Interest only for 5 years

Prepayment:   Yield Maintenance

LTV:   63%

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