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The Madison Group arranges a $8,300,000 cash out refinance loan on a 110-unit apartment building in Oklahoma.

Tags: Multifamily, Multifamily Financing, Multifamily Loans, Multifamily Refinance, Commercial Loans, CRE Financing, Commercial Real Estate Loans, Cash Out, Cash Out Refi, Cash Out Refinance, Nationwide Financing, Multifamily cash out refinance, No Pre payment penalty
Tuesday, Jan 07, 2025
by Kyle Losch

The Madison Group (TMG), a premier national provider of multifamily real estate financing, successfully arranged an $8,300,000 loan to refinance a fully renovated and stabilized 110-unit apartment building in Oklahoma.

A repeat client approached TMG to execute a cash-out refinance, leveraging the property's increased value following extensive renovations. TMG worked closely with a lender that was willing to accommodate a cash-out refinance above the property’s cost basis, optimizing the client’s capital position.

 

Property: Multifamily   

Location: Oklahoma   

Loan Amount: $8,300,000

Interest Rate: 6.50%

Term: 10 years

Amortization: 30 years

Prepayment: None

Guarantee: Recourse



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