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The Madison Group arranges a $2,625,000 agency refinance loan on multi-family property in Utah.

Tags: Multifamily, Multifamily Financing, Multifamily Loans, Multifamily Refinance, Commercial Loans, CRE Financing, Commercial Real Estate Loans, non-recourse financing, Cash Out, Cash Out Refi, Cash Out Refinance, Nationwide Financing
Tuesday, Sep 12, 2023
by Brandi Link

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. It 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.

Property:  Multi-family

Location: Utah  

Loan Amount: $2,625,000

Interest Rate:  6.98%

Term:  25 years

Amortization:   30-Years

Prepayment:  Yield Maintenance


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