The Madison Group
(TMG), a national leader in manufactured housing community financing, has
arranged $3,086,250 in acquisition financing for a property in North Carolina.
The loan was structured at 75% LTV on real property and 50% on mobile homes,
with a fixed 6.99% rate, 5-year term, and 25-year amortization. These terms
offer the borrower both flexibility and stability to enhance operations and
long-term value.
“This deal
reflects our focus on navigating the complexities of manufactured housing
finance,” said Michael Estes, Commercial Loan Advisor at TMG. “We’re proud to
support investors in this crucial affordable housing space.”
The financing
enables the new owner to invest in improvements and contribute to housing
accessibility in the region. TMG remains committed to delivering tailored,
reliable lending solutions for investors nationwide, reinforcing its position
as a trusted resource in the industry.
Property: Mobile Home Park
Location: North Carolina
LTV: 75% on real property and 50% on the Mobile Homes
Interest Rate: 6.99%
Loan Amount: $3,086,250
Term: 5 years
Amortization: 25 years
Prepayment Penalty: None