The Madison Group
(TMG), a leading nationwide source for arranging commercial real estate
financing, is pleased to announce the successful arrangement of a $1,800,000
construction loan for a new manufactured housing community located in Kansas.
This financing will support the development of a 95-pad mobile home community,
which is strategically positioned to address the growing demand for affordable
housing options in the region. Secured at a competitive interest rate of 7.00%,
the loan features a term of two years, providing the sponsor with the necessary
capital to complete the construction efficiently.
The sponsor's
objectives include not only the establishment of a thriving mobile home
community but also the enhancement of local housing availability, driving
forward economic growth in the area. By leveraging TMG's extensive industry
experience and network of leading lenders, the transaction facilitated a
tailored financial solution that met the sponsor's construction needs while
ensuring flexibility throughout the project timeline. With a keen focus on
delivering customized financing solutions, TMG stands out as a trusted partner
in navigating complex financing landscapes across the commercial real estate
sector.
Property: Mobile Home Park
Location: Kansas
Loan Type: Construction
Interest Rate: 7.00%
Loan Amount: $1,800,000
Term: 2 Years