 The Madison Group (TMG), a leading national lending source for
medical office real estate financing, arranged the $1,248,000 purchase financing
for a medical office building in Tennessee.
The client is a growing investor group focused on medical
office buildings. They have expanded their footprint from the west coast to
nationwide, searching for quality investments particularly in the medical
space. With solid banking relationships
in the West, they called upon The Madison Group to find them a lending partner
that could grow with them on projects east of the Mississippi. The Madison Group sourced a national lender
that specializes in medical office lending and offers non-recourse
financing. Despite delays in the due
diligence process, the with collaboration from the Bank, Borrower and The
Madison Group, the lender closed on time with rates and terms as originally
proposed.
Location: Hermitage,
TN
Property: Medical
Office Building
Loan Amount: $1,248,000
Interest Rate: 3.95%
Term: 7 Years; 5
year re-price
Amortization: 30 Years
Prepayment: 3, 2, 1,
in years 1-3; None thereafter.
LTV: 65%
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The Madison Group (TMG), a leading source for multifamily
construction and multifamily term loans, arranged a $2,078,641 construction loan
for an 18 unit multifamily development in Utah
The borrower had unique needs with the construction of this
project and needed a trusted lending partner to see them through the process. They relied on The Madison Group to introduce
them to a lender that not only had great rates, terms, structure and advance
rates, but could also work through the contruction lending and draw
process. The Madison Group found a
fantastic fit with a regional lender that specializes in multifamily
construction to be the trusted partner the borrower needed. The loan
funded as quoted and on time.
Location: Hurricane,
UT
Property: 18 unit
multifamily construction
Loan Amount: $2,078,641
Interest Rate: Prime
+ 1.50%
Term: 18 months
Amortization: N/A
Prepayment: None
LTV: 75%
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The Madison Group (TMG), a leading source of mobile home
park financing nationwide, arranged a $5.6 million nonrecourse loan to purchase
and expand a mobile home park in Louisiana. The Park consisted of 61 park owned
homes and an additional 30 mobile homes were being installed prior to closing. After
closing the client was purchasing and installing an additional 28 mobile homes.
The goal was to convert all park owned homes into tenant owned homes within
three years.
The Madison Group was able to arrange a 3-year interest only
bridge loan with (2) one year extension options. This loan structure was
perfect for the client, allowing them enough time to purchase, install, and
convert all park owned homes into tenant owned homes.
Location: Louisiana
Loan Amount: $5,600,000
Interest Rate: 4.875% fixed for 3-years
Term: 3-years with (2) one year extension options
LTV: 65%
Nonrecourse
Prepayment: 1% if refinanced with another lender within the
first two years
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The Madison Group (TMG), a leading national lending source
for self-storage financing, arranged a $5,319,900 loan to refinance and cash
out of an existing self-storage facility in Texas. The client reached out to The
Madison Group with a specific financing needs. The client’s goal was to
maximize his cash out at the lowest interest rate. The Madison Group was able
to arrange a recourse loan with a lender that provided a loan based on future
value of the self-storage facility. The client received a large portion of the
loan proceeds the day of closing and has the ability to earn the rest of the committed
loan proceeds through an earn-out provision. Through diligent efforts by all
parties, The Madison Group and lender was able to fulfil the client’s goals.
Location: Texas
Property: 358 enclosed unit self-storage facility with parking
and RV/boat storage options
Loan Amount: $5,319,900
Interest Rate: 5.125%
Term: 3 years of I/O
Prepayment: None
LTV: 65%
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The Madison Group (TMG), a leading national lending source for
mobile home communities arranged a $2,562,000 agency loan to purchase a 74
unit mobile home park in Iowa. The borrower located The Madison Group
through an internet search of leading mobile home park financing sources as
they had very specific needs for the financing of the park. After a conversation with the borrower, The
Madison Group was able to provide a non-recourse agency option for the park
that the borrower didn’t believe existed or could be done. Through diligent efforts and tremendous
professionalism from the borrower, and unmatched capability and efficiency from
one of The Madison Groups preferred agency lenders, the loan closed on time and
with the exact terms proposed.
Location: Des Moines,
IL
Property: 74 Site
Mobile Home Park
Loan Amount: $2,562,000
Interest Rate: 5.33%
Term: 10 Years
Amortization: 30 Years
Prepayment: 5%, 5%, 4%, 4%, 3%, 3% 2%, 2% 1%, 1% in years
1-10
LTV: 75%
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