The Madison Group has successfully arranged financing for a
client’s two-property apartment complex portfolio in Texas. The loan totaled
$1,375,000 and was structured at 70% loan-to-value, with a 6.2% fixed interest
rate, a five-year term, and a 30-year amortization. The transaction posed
challenges, as the properties were still stabilizing after major renovations
and were located in a tertiary market where lenders are often reluctant to
provide capital.
By leveraging its extensive network and expertise in
structuring complex deals, The Madison Group secured favorable terms that give
the borrower flexibility to complete renovations, stabilize operations, and
position the portfolio for long-term success. “This financing demonstrates
our ability to deliver solutions even in challenging markets, ensuring our
clients can achieve their investment goals,” said Michael Estes, Loan
Advisor at The Madison Group.
Property: Multifamily
Location: Texas
Loan Amount: $1,375,000
LTV: 70%
Interest Rate: 6.20%
Terms: 5 years
Amortization: 30 years
Prepayment: 3,2,1
Guarantee: Recourse