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The Madison Group arranges a $9,250,000 loan to refinance an anchored retail center in Southern Utah

Tags: Retail financing, Cash out refinance, retail strip financing, financing retail center, no prepayment penalty loans, cash out, cash out refi, nationwide financing, refinance retail loan, credit tenant financing, commercial loans, commercial real estate mortgage, loan for retail facility, Utah commercial real estate loans.
Tuesday, May 21, 2024
by Jared Shupe

The Madison Group (TMG), a leading national source of anchored retail financing, sourced a conventional cash out refinance loan for a retail strip center located in Southern Utah.  The refinance was needed because of a maturing CMBS facility and required dynamic structure due to an empty big box space that was under LOI during loan negotiations.  The Madison Group worked to bring multiple lending options across different lending platforms but the borrower ultimately decided on main street conventional financing due to flexibility offered with a no-prepay lender.  A very competitive rate was offered and locked through underwriting until closing and the closing process was smooth and efficient.  


Property: Anchored Retail  

Location: Utah

Loan Amount: $9,250,000

Interest Rate: 6.75%

Term: 5 years    

Amortization: 25 years                  

Prepayment:  None        

Guarantee: Full Recourse

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