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The Madison Group arranges a $7,000,000 loan to acquire and renovate an industrial building in Georgia

Tags: Flex Industrial, Industrial Financing, Commercial Real Estate Loans, Purchase Financing, Georgia Financing, Nationwide Financing
Wednesday, Jan 03, 2024
by Robert Chase

The Madison Group, a leading national source of industrial financing, arranges a $7,000,000 loan for the acquisition and conversion of a 60,000sqft flex building in Georgia. The borrowers purchased this property adjacent to I-85 in Duluth at an attractive price due to vacating tenants and were seeking a lending partner to support a business plan converting the building into multiple spec suites. The sponsors have extensive experience in this property type and sought a lender that would support this project and business plan at conventional lending rates.

 

Location: Georgia

Loan Amount: $7,000,000

LTC: 58%

Term: 2 years

Guarantee: Recourse



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