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The Madison Group arranges a $3,900,000 loan to purchase a long-term RV Park in Texas

Tags: RV Park, RV Park Financing, RV Park Loans, Commercial Real Estate, Commercial Loans, Commercial Real Estate Loans, Purchase Financing, Nationwide Financing
Tuesday, Mar 07, 2023
by Kyle Losch

The Madison Group (TMG), a leading national lending source of RV Park and self-storage financing, arranged a $3,900,000 loan to purchase an existing RV park in Texas with 97 RV pads and 85 self-storage units. The borrower was an experienced MHP/RV park operator and came to TMG looking for the best financing terms at a 65% LTV.

TMG was able to work with a lender to provide 2-years of interest only payments, a 5-year fixed rate of 6.58% and a 30 year amortization. The lender was also able to lock in the interest rate at application, which helped the client mitigate interest rate risk in a rising rate environment. The clients were very pleased with their financing, and it was their first-time having success with a commercial mortgage brokerage.  

Property:  RV Park

Location: Texas

Loan Amount: $3,900,000

LTC/LTV: 65%

Interest Rate:  5-year fixed rate of 6.58% with 2 years of I/O

Term: 10 years

Amortization: 30 years

Prepayment: 3,2,1  

Guarantee:  Recourse



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