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The Madison Group arranged a $1MM+ SBA loan to purchase a 33-pad park in Colorado.

Tags: SBA Loans, 7(a) Loans, RV Park Financing, RV Park Loans, Commercial Loans, CRE Loans, Commercial Real Estate Loans,
Wednesday, Feb 09, 2022
by Brandi Link

The Madison Group (TMG), a leading national source of RV Park financing, arranged a $1MM+ SBA 7(a) loan to purchase an RV park/campground in Colorado.

The 33-pad park has been a long-standing RV park in the area. TMG helped the new clients secure an SBA 7(a) loan to purchase their first RV park. TMG also helped the clients navigate through three different appraisers because the first two contracted COVID while on assignment.

Location:  Colorado

Property:  RV Park

Interest Rate:  5.50% - adjusted quarterly

Term:   25 years

Amortization:  25 years

Prepayment:  None

LTV:  82 %

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