The Madison Group (TMG), a leading national source of self-storage
financing, arranged a $1,200,000 loan to acquire a 189-unit self-storage
facility in upstate New York.
This loan was a referral from one of our residential
partners with a group of investors poised to acquire properties
nationwide. Based out of the west, the
investment group needed a nationwide lender that would reach to New York but
that could also handle future acquisitions in various locations throughout the
country. The Madison Group found and
introduced a lender that worked quickly and efficiently to close the subject
property, and a relationship was built to do future business.
Property: Self-Storage
Location: New York
Loan Amount: $1,172,500
Interest Rate: 7.75%
Term: 10 years
Amortization: 30 years
Prepayment: None
Guarantee: Recourse