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The Madison Group Facilitates A $2.1MM Fannie Mae Loan Assumption for A Texas Manufactured Housing Community

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, Jun 10, 2025
by Brandi Link

The Madison Group (TMG), a leading national lending source of manufactured housing communities, successfully arranged the assumption of an existing Fannie Mae loan for an 80-pad mobile home park in Texas.

TMG originally structured the Fannie Mae loan three years ago on behalf of the seller. Upon the seller’s decision to divest the asset, TMG was introduced to the buyer and played a pivotal role in facilitating the assumption of the existing financing.

The loan being assumed carried a favorable fixed interest rate of 5.78%, a significant advantage in today’s higher-rate environment. The buyer was pleased to secure the assumption, as the terms were more attractive than current market offerings.

The Madison Group continues to serve as a trusted advisor in the mobile home park finance sector, offering a range of tailored solutions to meet the evolving needs of investors and owners nationwide.

Property: Mobile Home Park

Location: Texas

LTV: 57%

Interest Rate: Assumed the rate of 5.78%

Loan Amount: $2,153,000

Term: It was a 10 year note in 2022 but there are only 6 yrs left on the term

Amortization: 30 years

Prepayment Penalty: Yield Maintenance 




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