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The Madison Group arranges a $1,873,430 loan to purchase raw land in Texas

Tags: Land Purchase Loans, Commercial Financing, Nationwide Financing, Construction Loans, Development Financing
Wednesday, May 24, 2023
by Paul Kuster

The Madison Group (TMG), a leading national lending source of commercial real estate financing, arranged a $1,873,430 loan for 585 acres in Texas. The clients came to TMG requesting a high leverage land loan to purchase the land. The client’s plan was to purchase the raw land and complete the permitting and entitlement process for a mobile home park development.

TMG was able to work with a lender to provide a 70% loan to value land loan which allowed the clients to put less money down than previous land acquisitions they had completed.


Property:  Land

Location: Texas

Loan Amount: $1,873,430

Loan to value: 70%

Interest Rate:  2 years fixed at 7.75%

Term:  2-year term

Amortization:   25-Years

Prepayment: No pre-payment penalty 

Guarantee:  Recourse

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