The Madison Group (TMG), a leading national lending source of RV
Park financing, arranged a $2,900,000 construction loan to build an RV Park. The park includes 128 RV pads, 5 rental
cabins, and a clubhouse with locker rooms, laundry, and mail room. Other amenities include a putting green,
picnic areas, dog wash, community garden, and guest parking.
The borrower had raised the equity for the development. The borrower’s goal was to obtain a construction
loan at 70% loan to cost to build the RV Park.
TMG was able to work with a lender that was able to meet the borrower’s
financial goals. The lender, borrower,
and TMG worked diligently together to close and fund the transaction.
Property: RV Park
Location: Texas
Loan Amount: $2,900,000
LTC: 70%
Interest Rate: 13%
Term: 2.5 Years
Amortization: Interest Only
Prepayment: None
Guarantee: Full
Recourse