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The Madison Group arranges a $2,100,000 loan to refinance two mobile home parks in AL.

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
Tuesday, Jan 28, 2025
by Jared Shupe
The Madison Group (TMG), a premier national lender specializing in mobile home park financing, facilitated a $2,100,000 loan to refinance two mobile home parks (MHPs) in Alabama. Initially, the borrower sought financing for only one of the two properties under ownership. However, through collaborative discussions and careful analysis, TMG was able to present a comprehensive financing solution that combined both parks into a single loan. This structure not only satisfied the borrower’s existing debt obligations but also provided additional cash-out funds. 

By consolidating the financing for both properties, TMG was able to secure more favorable terms, leveraging economies of scale to improve the overall loan conditions. The transaction closed on time, with all parties—TMG, the borrower, and the lender—working seamlessly to ensure an efficient and smooth process. 

Property: Mobile Home Communities 
Location: Alabama
 LTV: 75% 
Interest Rate: 7.91% 
Loan Amount: $2,100,000 
Term: 5 years
 Amortization: 30 years 
Prepayment Penalty: 3,2,2,1,1


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