Back to the full list of closings

news photo

The Madison Group arranges a $2,600,000 loan to refinance an RV Park in California

Tags: RVP Financing, RV Park Loans, RVP Loans, Commercial Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing, refinance loan
Tuesday, Sep 19, 2023
by Kyle Losch

The Madison Group (TMG), a leading national lending source of RV Park financing, arranged a $2,600,000 loan to refinance a 142 space RV park in California. The client purchased the park in 2021 and improved the park over the last three years. The client came to TMG looking to refinance the current loan with 30-year amortization conventional loan.

TMG was able to work with a trusted lender that could do a rate/term refinance with a 30-year amortization. The lender was able to lock the interest rate at the time of application to mitigant the client’s interest rate risk. TMG, the lender, and the client worked together to ensure a smooth closing process. The client was very happy with the loan structure that was provided.


Property:  RV Park

Location: California

Loan Amount: $2,600,000

LTC/LTV: 70%

Interest Rate:  5yr Fixed Rate - 7.52%

Term: 10 years

Amortization: 30 years

Prepayment: 3,2,1  

Guarantee:  Recourse

Full List of Recent Closings