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The Madison Group arranges a $2,550,000 cash out refinance loan for two MHP’s 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
Thursday, Oct 31, 2024
by Paul Kuster

The Madison Group (TMG), a leading national lending source of manufactured housing community financing, arranged a $2,550,000 cash out refinance loan on two mobile home parks in Georgia.     

The borrower’s goals were to obtain permanent financing to refinance their existing loan and take cash out to make planned improvements to the parks and to acquire additional mobile home parks.  TMG was able to work with one of its leading lenders to accomplish this goal.  The borrower, lender, and TMG were able to work closely together to make this transaction a smooth process.

Property: Two mobile home parks

Location: Georgia

Rate: 7.00% with rate re-set after 5 years

LTV: 40%

Loan Amount: 2,550,000

Term: 10 years (5+5)

Prepayment Penalty: None

Amortization: 30 years



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