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The Madison Group arranged a $1.395MM loan to purchase a multi-family unit in Utah.

Tags: Multifamily, Multifamily Financing, Multifamily Loans, Commercial Loans, CRE Financing, Commercial Real Estate Loans
Friday, Jan 21, 2022
by Barb

The Madison Group (TMG), a leading national source of multi-family financing, arranged a $1.395MM loan to purchase a 10-plex in Utah. The repeat client of TMG wanted to expand and build out their multi-family portfolio.

TMG was able to secure the client a loan and meet the purchase agreement deadline. 

Location:  Utah

Property:  Multi-family

Interest Rate:  4.25%

Term:   5 years

Amortization:  25 years

Prepayment:  None

LTV:  75 %

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