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The Madison Group Arranges $36 Million Refinance for Six Five-Star Manufactured Housing Communities

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
Friday, Oct 03, 2025
by Kyle Losch

The Madison Group (TMG), a leading nationwide source for commercial real estate financing, successfully arranged a $36,000,000 non-recourse loan to refinance a portfolio of six five-star manufactured housing communities located across Alabama and Georgia.

The portfolio consists of approximately 850 homesites, with 80%+ operated as park-owned homes. The sponsor manages the communities in a “horizontal apartment” model—owning and leasing the majority of homes while maintaining the high-quality standards expected of five-star properties.

The sponsor’s objectives were to secure a cash-out refinance with non-recourse structure and full-term interest-only payments. Through its extensive lender network, TMG identified a capital partner willing to underwrite the loan based on lot rents only, without imposing restrictive covenants on the sponsor’s home-ownership operations.

Transaction Highlights

  • Property Type: Six Manufactured Housing Communities
  • Location: Alabama & Georgia
  • Loan Amount: $36,000,000
  • Term: 5 Years
  • Amortization: Full-Term Interest Only
  • Structure: Non-Recourse | Cash-Out Refinance


The Madison Group continues to be a trusted financing advisor for manufactured housing community investors nationwide, providing access to CMBS, Fannie, Freddie, bank, credit union, and private capital solutions.



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