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The Madison Group arranges a $6,900,000 loan to refinance an RV Park/MHP portfolio in Florida

Tags: MHC Financing, MHP Financing, MHC Loans, MHP Loans, Mobile Home Park Loans, Mobile Home Park Financing, Mobile Home Park Lender, Commercial Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing, refinance loan, RVP Financing, RV Park Financing
Friday, Oct 27, 2023
by Jared Shupe

The Madison Group (TMG), a leading national lending source of RV Park and MHP financing, arranged a $6,900,000 loan to refinance a RV Park/MHP in Florida. The client needed to refinance their current bridge loan and seller carry note due to them maturing.

TMG was able to work with a trusted lender that was able to take the time to understand the deal and close in about five weeks. The borrower now has time to fully stabilize the parks and refinance into conventional debt. TMG, the lender, and borrower worked hand-in-hand to ensure the loan closed prior to the debt maturing.

Property: RV Park and MHP

Location: Florida

Loan Amount: $6,900,000

Interest Rate: 10.75%

Term: 2 years

Guarantee: Recourse



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