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The Madison Group arranges a $3,075,000 cash out refinance loan on an RV park in California.

Tags: RV Park Financing, MHC Loans, MHP Loans, Mobile Home Park Loans, Mobile Home Park Financing, Commercial Loans, Cash Out Loans, Interest Only Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing
Friday, Mar 18, 2022
by Brandi Link

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. 

Location:  California

Loan Amount: $3,075,000

Interest Rate:  3.1675%

Term:  7 years  

Amortization:  30 Years

Prepayment:  3,2,1

LTV: 55%

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