The Madison Group (TMG), a leading source of RV park
financing nationwide, arranged a $3.075 million loan to refinance a 35-pad RV
park in California.
The clients purchased the RV park in June 2021 for $6.15
million with cash. The clients requested TMG to arrange a cash out loan so they
could replenish their cash levels. The clients requested a low interest rate
with a 7-year term.
TMG created a loan offering package and was able to find a
lender that could provide a 3.1675% rate for 7 years. It was truly a team
effort and required attention to detail by all involved. The clients are very pleased with their rate and terms.
Loan Amount: $3,075,000
Interest Rate: 3.1675%
Term: 7 years