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