The Madison Group (TMG), a
leading national firm specializing in RV park financing, is pleased to announce
the successful arrangement of a $1,500,000 refinance loan for a 117-pad RV park
located in Texas.
A repeat client engaged TMG to
refinance the property, which was originally financed with a seller carry note
nearing maturity. In addition to the seller note, a partner note was also due
for repayment. TMG worked closely with the borrower to understand the park’s
financials and operational success and was able to identify a lender willing to
underwrite both notes, despite the park’s unique location.
In addition to refinancing both notes, the new loan reduced
the borrower’s monthly payments by approximately 35%, enhancing the property’s
cash flow and supporting the borrower’s long-term financial success.
Property: RV Park
Location: Texas
LTC: 70%
Term: 10 years
Amortization: 25 Years
|
The
Madison Group (TMG), a leading national source of financing for manufactured
housing communities, successfully arranged a $2,400,000 cash-out refinance for
a 102-pad mobile home park located in Arizona.
A
repeat client engaged TMG to refinance a maturing loan and sought a competitive
interest rate with flexible prepayment terms. Leveraging its deep expertise and
lender relationships, The Madison Group identified a lender specializing in
mobile home parks that was able to meet the client’s objectives.
TMG
worked closely with both the lender and borrower to navigate program
parameters, documentation requirements, and various challenges throughout the
loan process—ultimately delivering a smooth and efficient closing and locking
in a 6.28% interest rate.
Property: Mobile Home Park
Location: Arizona
LTV: 24.2%
Interest Rate: 6.28%
Loan Amount: $2,400,000
Term: 10 years
Amortization: 30 years
Prepayment Penalty: 3,2,1
|
The Madison Group
(TMG), a national leader in manufactured housing community financing, has
arranged $3,086,250 in acquisition financing for a property in North Carolina.
The loan was structured at 75% LTV on real property and 50% on mobile homes,
with a fixed 6.99% rate, 5-year term, and 25-year amortization. These terms
offer the borrower both flexibility and stability to enhance operations and
long-term value.
“This deal
reflects our focus on navigating the complexities of manufactured housing
finance,” said Michael Estes, Commercial Loan Advisor at TMG. “We’re proud to
support investors in this crucial affordable housing space.”
The financing
enables the new owner to invest in improvements and contribute to housing
accessibility in the region. TMG remains committed to delivering tailored,
reliable lending solutions for investors nationwide, reinforcing its position
as a trusted resource in the industry.
Property: Mobile Home Park
Location: North Carolina
LTV: 75% on real property and 50% on the Mobile Homes
Interest Rate: 6.99%
Loan Amount: $3,086,250
Term: 5 years
Amortization: 25 years
Prepayment Penalty: None
|
The
Madison Group (TMG), a leading national lending source of manufactured housing
communities, successfully arranged the assumption of an existing Fannie Mae
loan for an 80-pad mobile home park in Texas. TMG
originally structured the Fannie Mae loan three years ago on behalf of the
seller. Upon the seller’s decision to divest the asset, TMG was introduced to
the buyer and played a pivotal role in facilitating the assumption of the
existing financing. The
loan being assumed carried a favorable fixed interest rate of 5.78%, a
significant advantage in today’s higher-rate environment. The buyer was pleased
to secure the assumption, as the terms were more attractive than current market
offerings. The
Madison Group continues to serve as a trusted advisor in the mobile home park
finance sector, offering a range of tailored solutions to meet the evolving
needs of investors and owners nationwide. Property: Mobile Home Park Location: Texas LTV: 57% Interest Rate: Assumed the rate of 5.78% Loan Amount: $2,153,000 Term: It was a 10 year note in 2022 but there are only 6 yrs
left on the term Amortization: 30 years
Prepayment Penalty: Yield Maintenance
|
The Madison Group (TMG), a leading national lending source
for commercial real estate loans, has successfully arranged a $3,900,000
cash-out refinance loan for a well-positioned office and retail center in
Tennessee. The transaction was successfully facilitated by Michael Estes,
Commercial Real Estate Lending Advisor at TMG. Mr. Estes worked closely with both the lender
and borrower to secure a financing solution that meets the client’s specific
needs.
The sponsor sought to refinance the debt currently held by another
lending institution and set for a maturity date of June 2025. Significant
renovations on the property had been completed in 2017, further enhancing its
appeal to tenants and increasing the value of the property.
The property consists of two buildings spanning 94,000
square feet. As part of the refinancing arrangement, our sponsor requested an
additional cash-out of over $300K to cover closing costs and prepare a vacant
unit for a new national anchor tenant. The sponsor requested a 20 year
amortization to continue to paydown the principal balance of the note.
Property: Retail/Office Center
Location: Tennessee
Loan Amount: $3,900,000
Interest Rate: 6.00%
Term: 5 Year
Amortization: 20
Years
Prepayment: None
Recourse: Yes
|