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The Madison Group secures the $12.25M refinance loan on an RV Resort in WY

Tags: RV Park Financing, RV park loans, Wyoming commercial loans
Thursday, Sep 09, 2021
by Angela Kesselman

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. 

Location:  Wyoming

Property:  RV Park

Loan Amount: $ 12,250,000

Interest Rate: 3.95 % fixed for 10 years

Term:   10 Years

Amortization:  25 Years

Prepayment:   5% declining

LTV:  65 %

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