The Madison Group (TMG), a leading national lending source of RV
Park and campground financing, arranged a $1,250,000 loan to purchase a 58 pad
RV park campground in Texas. The clients were referred to TMG by the listing
brokerage and were looking for a high LTV/LTC loan to purchase the RV park
campground.
TMG worked to find a lender that could provide a 75% LTV/LTC loan
as well as accommodate the clients’ request to expand the park with additional
RV and camping sites. The clients and TMG worked in conjunction to present a
loan package that was appealing to a local lender to meet the needs and wants
of the clients. In the end the borrowers are very pleased with the financing
that was arranged to take down one of their first RV park campgrounds.
Location: Texas
Property: 58 RV pads; 1
store
Loan Amount: $1,250,000
Interest Rate: 6.40%
Term: 5 years
Amortization: 25 Years
Prepayment: None
Recourse: Full recourse