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The Madison Group arranged a $1,250,000 purchase loan for a 58 pad RV park campground in Texas

Tags: RV Park, RV Park Financing, RV Park Loans, Commercial Real Estate, Commercial Loans, Commercial Real Estate Loans, Purchase Financing, Nationwide Financing
Thursday, Dec 15, 2022
by Kyle Losch

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



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