The Madison Group (TMG), a premier national brokerage
specializing RV Park financing arranged the $5,500,000 refinance of a 192 pad long
term RV park in FL. The transaction
marks the end of a challenging five-year journey for the borrower, who worked
tirelessly to secure permanent financing for the growing property.
The RV park, now a proven and sustainable
cash-flowing asset, initially faced difficulty attracting long-term capital due
to its historical operations under previous ownership. Over the past five
years, the borrower navigated a demanding landscape, relying on a series of
short-term and bridge financing solutions while methodically working to
stabilize occupancy, improve infrastructure, and demonstrate the park’s
long-term viability.
The loan structure provides the borrower
financial stability and flexibility to reinvest in the property and maximize
revenue.
Location: Florida
Property: Long Term
RV Park
Loan Amount: $5,500,000
Interest Rate: 7.00%
Term: 5 Years
Amortization: 30 Years
Prepayment: 3, 3, 2,
2, 1
LTV: 65%