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The Madison Group arranged a $6.3MM loan for a family emergency room facility in Texas

Tags: NNN Financing, non-recourse, non-recourse loan, non-recourse financing, commercial loan, commercial real estate loan, max leverage loan, NNN loan, credit tenant financing, credit tenant loan
Monday, Mar 14, 2022
by Kyle

The Madison Group (TMG), a leading source of non-recourse and NNN financing nationwide, arranged the loan on a $10.65M purchase of a MOB in Texas.  The borrower’s goals were to acquire the property with max leverage, obtain a non-recourse loan, and meet 1031 deadlines.  

The property was in operation for a few years with a local credit tenant that has several other facilities.  The asset was part of a portfolio of similar properties.  There was a newly negotiated 10-year lease on the property.

TMG was able to arrange a 65% LTV loan with three years of interest only to maximize the cash flow for this repeat client.  In addition, we were able to secure a non-recourse loan with a 30-year amortization and close quickly. 

The buyer is very excited to buy this asset and was very happy that we were able to maximize the profitability of this asset with the IO feature and the 30-year amortization, along with the non-recourse on this non-credit tenant.” said Angela Kesselman, TMG’s Associate Director of Finance.

Location: Texas

Property: Medical Office Building

Interest Rate: 4.20% fixed for 7-years

Term: 10-years

Amortization: 30-years with 3-years of interest only

LTV: 65% 

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