The Madison Group (TMG), a leading national lending source of multi-family
financing, arranged a $2,625,000 nonrecourse refinance loan for a
multi-family property located in Utah.
The returning client requested TMG to arrange a refinance
loan to pay off his construction lender and two additional LOCs from expanding
the property. The client requested long-term financing, so he did not have to
refinance the loan again. TMG and the client started the process early with the
lender, so everyone was ready once the property met the occupancy requirements.
was a team effort and required a lot of attention to detail by all involved. TMG
worked diligently with the lender to satisfy the client’s needs. In the end the
borrower was very pleased with their interest rate and terms.
Loan Amount: $2,625,000
Interest Rate: 6.98%
Term: 25 years