The Madison Group
(TMG), a national leader in manufactured housing community (MHC) financing, is
pleased to announce the successful closing of a $4.3 million cash-out refinance
for a two-property MHC portfolio located in Georgia and Alabama.
The portfolio,
consisting of communities with nearly 100% park-owned homes, required a
financing structure that would recognize both lot rent and park-owned home
income while accepting the homes as collateral. TMG collaborated with a trusted
lending partner to design a custom loan structure that met the client’s
objectives and delivered a 30-year amortization to maximize cash flow.
“This refinance
allowed our client to unlock significant equity while maintaining long-term
stability,” said Michael Estes, Commercial Real Estate Financing Advisor at The
Madison Group. “We’re proud to support experienced MHC operators with creative
and flexible financing solutions that advance their growth strategies.”
The borrower
intends to reinvest the loan proceeds into capital improvements and pursue
additional MHC acquisitions throughout the Southeast region.
Property: Mobile Home Park Portfolio
Location: Georgia and Alabama
LTV: 70% on real property
Loan Amount: $4,300,000
Term: 5 years
Amortization: 30 years