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The Madison Group arranged the financing for a $5.5M purchase of three mobile home parks in Texas.

Tags: MHC Financing, MHP Financing, MHC Loans, MHP Loans, Mobile Home Park Loans, Mobile Home Park Financing, Mobile Home Park Lender, Commercial Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing, Non Recourse Financing, Non Recourse Loans, nonrecourse loans, nonrecourse financing
Monday, Jun 06, 2022
by Kyle Losch

The Madison Group (TMG), a leading source of mobile home park financing nationwide, arranged a $3.6M purchase money non-recourse loan for a portfolio of parks in Texas. The Borrower’s contacted TMG looking for a non-recourse loan to purchase the parks prior to the expiration of the purchase agreement.

About the property and transaction:   

The property consisted of three parks with a total of 182 existing pads and a 48-pad expansion possibility. All the parks are located near each other in southern, Texas. This was a value-add purchase, and each park had its own challenges that the lender, Borrower, and TMG worked together to overcome.

TMG overcame the challenges of each park by arranging a loan with flexible terms, including a 3-year interest only period. The 3-year I/O period will allow the clients to address each park’s challenges and the reserves will allow them to increase occupancy, remove any deferred maintenance, and make necessary improvements. The clients are excited and ready to maximize each park’s potential.

Location: Texas

Loan amount: $3,607,500

Term: 10 years

Rate: 5.75%

Amortization: 3-years I/O – followed by 30-year amortization


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