Multifamily Portfolio Financing
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
Property: 48 Unit Single Family Residences and Duplexes
Loan Amount: $7,553,000
Interest Rate: 4.07%
Term: 5 Years
only for 5 years