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The Madison Group arranges a $1,200,000 acquisition loan to purchase a 189-unit storage facility in upstate New York

Tags: Financing self storage facilities, loan for storage building, loans for self storage business, mini storage financing, self storage commercial loans, self storage construction lenders, self storage facility lenders, self storage facility loan, self storage financing, self storage loans, self storage mortgage brokers
Tuesday, Feb 27, 2024
by Jared Shupe

The Madison Group (TMG), a leading national source of self-storage financing, arranged a $1,200,000 loan to acquire a 189-unit self-storage facility in upstate New York.   

This loan was a referral from one of our residential partners with a group of investors poised to acquire properties nationwide.  Based out of the west, the investment group needed a nationwide lender that would reach to New York but that could also handle future acquisitions in various locations throughout the country.  The Madison Group found and introduced a lender that worked quickly and efficiently to close the subject property, and a relationship was built to do future business. 

 

Property: Self-Storage

Location: New York

Loan Amount: $1,172,500

Interest Rate: 7.75%

Term: 10 years  

Amortization: 30 years                  

Prepayment:  None        

Guarantee: Recourse

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The Madison Group arranges a $935,000 loan to purchase a student housing facility in Pennsylvania

Tags: Student Housing Financing, Commercial Mortgage, Multifamily Financing, Multifamily Loans, Loans for Multifamily Property, Loans for Student Housing Property, Financing for Apartment Buildings, Multifamily Lending
Tuesday, Jan 30, 2024
by Jared Shupe

The Madison Group (TMG), a leading national source of student housing financing, arranged a $935,000 loan for the acquisition of a 34-bed student housing facility in Pennsylvania.   

As an experienced operator and owner of student housing facilities, the borrower came to The Madison Group to source financing that would accommodate the required economics and investment strategy of this property.  The main priorities of the borrower were an interest only period and no prepayment penalty.  The Madison Group sourced a 65% LTC loan with 3 years interest only upon inception with no prepayment penalty.  Borrower, lender and The Madison Group worked lockstep through underwriting and closing to achieve a successful purchase. 

 

Property: Student Housing

Location: Pennsylvania

Loan Amount: $935,000

Interest Rate: 7.625%

Term: 10 years

Amortization: 30 years; Initial three years interest only.

Prepayment:  None

Guarantee: Full Recourse

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The Madison Group arranges a $6,000,000 loan to refinance two mobile home parks in GA

Tags: Mobile Home Parks, Mobile Home Park Financing, Mobile Home Park Lending, Mobile Home Park Loan, Mobile Home Community Loan, Mobile Home Community Financing, Mobile Home Park Refinance, Mobile Home Community Refinance, Financing for Mobile Home Park, Loan for Mobile Home Park, MHP Financing, MHC Financing, RV Park Financing, RV Park Lender, RV Park Loan, RV Park Mortgage, Manufactured Housing Community Financing.
Tuesday, Jan 23, 2024
by Kyle Losch

The Madison Group (TMG), a leading national lending source of mobile home park financing, arranged a $6 million bridge loan to refinance two mobile home parks in Georgia.

The borrower’s goals were to obtain a bridge loan on both parks with the goal to refinance at a lower rate once rates came down. TMG was able to work with a lender that was able to meet the borrower’s financing goals. The lender was able to provide a bridge loan at an acceptable rate with no prepayment penalty and a 1% origination. TMG will be actively seeking a refinance loan for the repeat client.

 

Property:  Two MHP’s

Location: Georgia

LTC: 40%

Loan Amount: 6,000,000

Term: 5 years

Prepayment Penalty: None

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The Madison Group arranges a $7,000,000 loan to acquire and renovate an industrial building in Georgia

Tags: Flex Industrial, Industrial Financing, Commercial Real Estate Loans, Purchase Financing, Georgia Financing, Nationwide Financing
Wednesday, Jan 03, 2024
by Robert Chase

The Madison Group, a leading national source of industrial financing, arranges a $7,000,000 loan for the acquisition and conversion of a 60,000sqft flex building in Georgia. The borrowers purchased this property adjacent to I-85 in Duluth at an attractive price due to vacating tenants and were seeking a lending partner to support a business plan converting the building into multiple spec suites. The sponsors have extensive experience in this property type and sought a lender that would support this project and business plan at conventional lending rates.

 

Location: Georgia

Loan Amount: $7,000,000

LTC: 58%

Term: 2 years

Guarantee: Recourse

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The Madison Group arranges a $2,485,000 loan to refinance a MHP/RVP in Texas

Tags: MHC Financing, MHP Financing, MHC Loans, MHP Loans, Mobile Home Park Loans, Mobile Home Park Financing, Mobile Home Park Lender, Commercial Loans, Commercial Real Estate Loans, Multi-family Loans, Multi-family Financing, refinance loan, RVP Financing, RV Park Financing
Tuesday, Dec 19, 2023
by Kyle Losch

The Madison Group (TMG), a leading national lending source of mobile home park and RV park financing, arranged a $2,485,000 loan to refinance a 135-pad park in Texas. The park mostly consisted of long-term tenants, with some transient RV tenants. The park also had a small amount of storage units and a retail shop that were leased.  

The client purchased the park with a bridge loan due to their purchase agreement deadline. The client was looking for a 70% LTC/LTV loan with a 25-30 year amortization. TMG was able to work with a trusted lender that took the time to understand the different revenue streams and provide terms the client was seeking. The park was a nice addition to the client’s existing portfolio in that market and he was very happy to be able to purchase the property at $26K/pad.

Property:  Mobile Home Park / RV Park

Location: Texas

LTV: 70%

Loan Amount: $2,485,000

Interest Rate:  8.47%

Term: 12 years

Amortization: 30 years

Guarantee:  Recourse

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