The Madison Group (TMG), a leading national lending source
of RV Park financing secured the $12.25M refinance of on an RV Park near a
national park in Wyoming.
The RV Park is a transient park located near the entrance to
Teton National Park. The client has
owned and operated the project for years and is highly successful with this
location. The owner is looking to
increase the number of pads for the site and add some new amenities. The refinance includes the acquisition of an
adjacent parcel which will be used for the expansion.
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 financing that offered a long-term low rate and gave the buyer a
significant amount of cash back at closing.
Property: RV Park
Loan Amount: $ 12,250,000
Interest Rate: 3.95 % fixed for 10 years
Term: 10 Years
LTV: 65 %