The Madison Group (TMG), a leading national lending source
of hospitality financing, arranged a $1,650,000 loan to purchase an inn in
Oregon.
The borrower had unique financing goals and required a
non-recourse structure to close the transaction. The Madison Group sourced a regional bank to
finance the deal, worked closely with borrower and bank to close under tight
closing timelines.
Property: Hospitality
Location: Oregon
Loan Amount: $1,650,000
Interest Rate: 5 YR. TCM + 2.75%; 6.50% at Closing
Terms: 5 year maturity; 6 mos. I/O
LTC: 52%
Amortization: 25 years
Prepayment: 5, 4, 3,
2, 1
Guarantee: Non-Recourse