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The Madison Group arranges a $1,250,000 loan to refinance an RV Resort in Louisiana.

Tags: RVP Financing, RV Park Loans, RVP Loans, Commercial Loans, Commercial Real Estate Loans, cash out refinance, refinance loan, RV Park Financing, loans for RV parks, RV expansion loan, RV construction loan
Friday, Aug 09, 2024
by Kyle Losch

The Madison Group (TMG), a leading national lending source of RV Park financing, arranged a $1,180,000 cashout refinance loan to facilitate the expansion of an RV Resort in Louisiana. The loan proceeds will help transform the park from 81 pad sites to 117.

TMG was able to work with a trusted lender that saw the client’s vision of expanding the park given the demand that they had for longer term rentals. The loan will help fund the 36-pad development that the client needs to fulfill the needs in the community.

Property:  RV Park

Location: Louisiana

Loan Amount: $1,180,000.

LTV: 65%

Interest Rate:  5yr Fixed Rate – 8.5%

Term: 20 years

Amortization: 20 years

Prepayment: 3,2,1

Guarantee:  Recourse



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