The Madison Group
(TMG) has successfully arranged a $1,305,000 cash-out refinance for a mobile
home park in Texas. The loan was structured with a 6.75% interest rate, a
5-year term, and 25-year amortization, representing 70% loan-to-value.
This refinance
provided the borrower with liquidity for future investments while securing
long-term stability. TMG’s expertise in manufactured housing and strong lender
relationships ensured a smooth closing and competitive terms.
“This deal
reflects our commitment to delivering tailored solutions for the MHC asset
class,” said Michael Estes, Commercial Real Estate Loan Advisor at TMG.
Property: Mobile Home Park
Location: Texas
LTV: 70%
Interest Rate: 6.75%
Loan Amount: $1,305,000
Term: 5 Years
Amortization: 25 Years