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The Madison Group Arranges $3.9 Million Cash-Out Refinance for Office/Retail Center in Tennessee

Tags: Retail Strip Loan, Retail Commercial Loans, Retail Strip Financing, Shopping Center Loans, Commercial Property Loans, Retail Space Loans, Retail Center Loans, Retail Shopping Center Financing, Commercial Real Estate Loans, Office Loans
Tuesday, Jun 03, 2025
by Michael Estes

The Madison Group (TMG), a leading national lending source for commercial real estate loans, has successfully arranged a $3,900,000 cash-out refinance loan for a well-positioned office and retail center in Tennessee. The transaction was successfully facilitated by Michael Estes, Commercial Real Estate Lending Advisor at TMG.  Mr. Estes worked closely with both the lender and borrower to secure a financing solution that meets the client’s specific needs.

The sponsor sought to refinance the debt currently held by another lending institution and set for a maturity date of June 2025. Significant renovations on the property had been completed in 2017, further enhancing its appeal to tenants and increasing the value of the property.

The property consists of two buildings spanning 94,000 square feet. As part of the refinancing arrangement, our sponsor requested an additional cash-out of over $300K to cover closing costs and prepare a vacant unit for a new national anchor tenant. The sponsor requested a 20 year amortization to continue to paydown the principal balance of the note.

Property:  Retail/Office Center

Location: Tennessee                                              

Loan Amount: $3,900,000

Interest Rate:   6.00%

Term: 5 Year

Amortization:  20 Years

Prepayment:  None

Recourse: Yes



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