Multifamily Loans in Utah
Summary: The Madison
Group (TMG), a leading national lending source for Multifamily finance arranged
the $2,800,000 purchase financing for a 21 unit multifamily building in
downtown Salt Lake City.
The borrower’s were repeat clients of The Madison Group. They have many of their own financing sources, however, this particular deal was
unique in that the borrowers were asking for certain terms that were unavailable
from their own lending relationships.
They relied on TMG to source financing with the unique terms and
structure requested and close the transaction on time according to the purchase
agreement. Financing was secured at
market rates despite the unique terms requested by the investment group.
Location: Salt Lake
Property: 21 unit
Loan Amount: $2,800,000
Interest Rate: 4.00%
Term: 5 Years; 2
Years Interest Only
Amortization: 30 Years