The Madison Group (TMG), a
leading national firm specializing in RV park financing, is pleased to announce
the successful arrangement of a $1,500,000 refinance loan for a 117-pad RV park
located in Texas.
A repeat client engaged TMG to
refinance the property, which was originally financed with a seller carry note
nearing maturity. In addition to the seller note, a partner note was also due
for repayment. TMG worked closely with the borrower to understand the park’s
financials and operational success and was able to identify a lender willing to
underwrite both notes, despite the park’s unique location.
In addition to refinancing both notes, the new loan reduced
the borrower’s monthly payments by approximately 35%, enhancing the property’s
cash flow and supporting the borrower’s long-term financial success.
Property: RV Park
Location: Texas
LTC: 70%
Term: 10 years
Amortization: 25 Years