Back to the full list of closings

news photo

The Madison Group arranged a $9,700,000 construction loan to construct a flex industrial building in Utah.

Tags: Flex Industrial, Industrial Financing, Commercial Real Estate Loans, Construction Loans, Nationwide Financing, UT Financing, Construction Financing, Interest Only Loans
Tuesday, Jan 31, 2023
by Jared Shupe

The Madison Group (TMG), a leading source of construction and industrial financing nationwide, arranged a $9,700,000 construction loan to construct a spec flex industrial building on 5.10 acres in Utah. The repeat clients came to TMG requesting a competitive construction loan to help fund the construction of the 78,918 sq ft facility.

The clients had unique needs with the construction of this project and TMG was able to work with a trusted bank lender that would fund up to 80% of construction costs. The lender was able to provide an 18-month interest only construction loan. The clients relied on TMG to introduce them to a lender that not only had great rates, terms, structure, and advance rates, but could also work through the approval process in very volatile market conditions and would be efficient in the construction draw process.

Location: Utah

Loan amount: ~ $9,700,000

LTC: Up to 80%

LTV: 65%

Term: 18 months with extension option

Rate: WSJP + 1.25%



Full List of Recent Closings