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The Madison Group arranged a $2,225,000 bridge loan to refinance and cash out of an existing RV park in Pennsylvania

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, Bridge Financing
Thursday, Jul 28, 2022
by Kyle Losch

The Madison Group (TMG), a leading national lending source for RV Park financing, arranged a $2,225,000 loan to refinance and cash out of an existing RV Park in Pennsylvania. The client reached out to The Madison Group and needed a bridge loan immediately. The Madison Group quickly reached out to private RV park bridge lenders and found a bridge lender that could accommodate the client’s needs. Through diligent efforts by the lender, client, attorneys, and The Madison Group, the client received a bridge loan prior to the maturity of the existing loan.

Location: Pennsylvania

Property: 238 pad RV Park

Loan Amount: $2,225,000

Interest Rate: 12%

Term: 3 years of I/O

Prepayment: None after 6 months

LTV: 50%

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