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The Madison Group arranges a $6,000,000 loan to refinance two mobile home parks in GA

Tags: Mobile Home Parks, Mobile Home Park Financing, Mobile Home Park Lending, Mobile Home Park Loan, Mobile Home Community Loan, Mobile Home Community Financing, Mobile Home Park Refinance, Mobile Home Community Refinance, Financing for Mobile Home Park, Loan for Mobile Home Park, MHP Financing, MHC Financing, RV Park Financing, RV Park Lender, RV Park Loan, RV Park Mortgage, Manufactured Housing Community Financing.
Tuesday, Jan 23, 2024
by Kyle Losch

The Madison Group (TMG), a leading national lending source of mobile home park financing, arranged a $6 million bridge loan to refinance two mobile home parks in Georgia.

The borrower’s goals were to obtain a bridge loan on both parks with the goal to refinance at a lower rate once rates came down. TMG was able to work with a lender that was able to meet the borrower’s financing goals. The lender was able to provide a bridge loan at an acceptable rate with no prepayment penalty and a 1% origination. TMG will be actively seeking a refinance loan for the repeat client.

 

Property:  Two MHP’s

Location: Georgia

LTC: 40%

Loan Amount: 6,000,000

Term: 5 years

Prepayment Penalty: None



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