The
Madison Group (TMG), a leading national source of financing for manufactured
housing communities, successfully arranged a $2,400,000 cash-out refinance for
a 102-pad mobile home park located in Arizona.
A
repeat client engaged TMG to refinance a maturing loan and sought a competitive
interest rate with flexible prepayment terms. Leveraging its deep expertise and
lender relationships, The Madison Group identified a lender specializing in
mobile home parks that was able to meet the client’s objectives.
TMG
worked closely with both the lender and borrower to navigate program
parameters, documentation requirements, and various challenges throughout the
loan process—ultimately delivering a smooth and efficient closing and locking
in a 6.28% interest rate.
Property: Mobile Home Park
Location: Arizona
LTV: 24.2%
Interest Rate: 6.28%
Loan Amount: $2,400,000
Term: 10 years
Amortization: 30 years
Prepayment Penalty: 3,2,1