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The Madison Group arranged a $4,650,000 cash out refinance loan for a 105 pad mobile home/RV park in TX

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, refinance loan, cash out refi, cash out refinance
Tuesday, Sep 13, 2022
by Brandi Link

The Madison Group (TMG), a leading national lending source of Mobile Home and RV Park financing, arranged a $4,650,000 cash out refinance loan for a 105-pad mixed use MHP/RV park located in Texas. The repeat client came to TMG looking to payoff the current mortgage, get some cash out, and lock in a low interest rate for the next five years.

The borrowers and TMG worked in conjunction to present a package that met the lenders parameters. It was truly a team effort and required a lot of attention to detail by all parties. In the end the borrowers are very pleased with their interest rate and terms.


Location:  Texas

Property:  56 RV pads; 30 cabins; 6 mobile homes; 12 apartment units and 1 storage building       

Loan Amount: $4,650,000

Interest Rate:  4.65%

Term:  5 years

Amortization:   30 Years

Prepayment:   None

Recourse: Full recourse

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