Back to the full list of closings

news photo

The Madison Group closes a $1.7M Warehouse Refinance in Ogden UT.

Tuesday, Dec 01, 2015
by Jeff Meierhofer

Transaction Description: The Madison Group (TMG) facilitated the $1,700,000 refinance of a 104,000 SF warehouse located in the Ogden Business Depot. The borrower received a cash out loan at 63% loan to value. The loan term is 10 years, and is fixed for 5 years with a 5 year rate review and a 25 year amortization. The borrower received a rate of 4.75%. The new loan lowered the borrowers existing rate substantially while providing cash for other needs.  This satisfied the owner’s goals of holding the asset for the long term with a good cash flow.

Challenges: The property was recently owner occupied and had no historical cash flow. The owner was able to fill the space with tenants on 3-5 year leases moving forward. The owner was also short on liquidity that is typically required most lenders. The property was built in 1942, but was in a good state of repairs.

Solutions: TMG was able to work with a lender that was able to dig deep into the financials and underwrite the project. They understood the cash flow moving forward and were comfortable with the loan size, market and collateral, which allowed them to meet all of the borrower’s financial needs.

The financing was arranged by Angela Kesselman at The Madison Group.

The Madison Group ( is a commercial loan broker and consultant specializing in financing for investor properties nationwide. TMG provides flexible and reliable capital for real estate acquisitions, refinances, and re-capitalizations for a variety of property types including:  multifamily, mobile home parks, credit tenant NNN net lease, office, retail, industrial, self-storage and other commercial properties in the United States.  Established in 2001, The Madison Group’s intention is to provide highly competitive loan products through its superior capital market expertise and quality sources of capital.  TMG works efficiently and effectively to get the transaction closed and funded.

Full List of Recent Closings