The Madison Group (TMG), a leading source for multifamily
construction and multifamily term loans, arranged a $2,078,641 construction loan
for an 18 unit multifamily development in Utah
The borrower had unique needs with the construction of this
project and needed a trusted lending partner to see them through the process. They relied on The Madison Group to introduce
them to a lender that not only had great rates, terms, structure and advance
rates, but could also work through the contruction lending and draw
process. The Madison Group found a
fantastic fit with a regional lender that specializes in multifamily
construction to be the trusted partner the borrower needed. The loan
funded as quoted and on time.
Location: Hurricane,
UT
Property: 18 unit
multifamily construction
Loan Amount: $2,078,641
Interest Rate: Prime
+ 1.50%
Term: 18 months
Amortization: N/A
Prepayment: None
LTV: 75%