The Madison Group (TMG), a leading national source for multifamily loans, arranged the $5,700,000 loan to cash out and refinance a 110-unit apartment building in Oklahoma. The client came to TMG seeking to cash out and refinance the apartment building after they completed most of the hotel to multifamily construction. TMG found a lender that was able to refinance and provide cash out above the client’s cost basis. Location: Oklahoma Property: 110-unit apartment building Loan Amount: $5,700,000 Interest Rate: 5.25% 5-year fixed rate Term: 10 years Amortization: 30 years Prepayment: None LTV: 51.8%
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 The Madison Group (TMG), a leading source of mobile home park financing nationwide, arranged a $1,500,000 mobile home park loan to refinance and cash out on an existing park in Oregon. The 58-pad park is located on 12.6 acres and was 46% occupied. There were 26 park owned homes. The clients came to TMG looking for a loan to payoff their existing sellers carry note, get reimbursed for some capital expenditures, and fund the rest of the capital expenditures to complete the park. TMG was able to arrange a $1,500,000 loan with a 6.75% 12-year fixed rate and a 30-year amortization. TMG and the client worked closely with the lender to create a loan structure that fit their needs, including an interest reserve and 12 months of interest only payments. The lender also decreased the interest rate by about .50% due to the increasing interest rates. Ultimately, the client was able to lock in a 12-year fixed rate at 6.75%. The loan structure was great for the client, allowing them to cash out of their mobile home park and fund future improvements. Location: Oregon Loan Amount: $1,500,000 Interest Rate: 12-year fixed rate of 6.75% Interest Only: 12 months Term: 12-years Amortization: 12 years LTV: 80% Recourse Prepayment: 5,4,3,0
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The Madison Group (TMG), a leading source of mobile home park financing nationwide, arranged a $502,500 loan to refinance and cash out on an existing mobile home park in Texas. The 25-pad park is located on 18 acres and was 100% occupied. There were 5 park owned homes and 20 tenant owned homes. The Madison Group was able to arrange a $502,500 loan with a 5.90% five-year fixed rate and a 25-year amortization. The Madison Group was also able to obtain a loan with no prepayment penalty so the sponsors could refinance without penalty at any time. The loan structure was perfect for the client, allowing them to cash out of their existing mobile home park and purchase another park to add to their portfolio. Location: Texas Loan Amount: $502,500 Interest Rate: 5-year fixed rate: 5.90% Term: 5-years Amortization: 25 years LTV: 80% Recourse Prepayment: No Prepayment Penalty
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 The Madison Group (TMG), a leading national source of owner occupied commercial real estate loans, arranged an SBA 504 loan to purchase a 63,000+ sqft manufacturing facility in Texas. The repeat client contacted TMG requesting 90% financing to purchase a manufacturing facility they occupied. TMG quickly identified this as an SBA 504 loan opportunity and was able to arrange a 50/40/10 SBA 504 loan with an SBA 504 lender and local CDC. With the teamwork of everyone involved, we were able to close the loan before the FOMC’s September interest rate hike. It was truly a team effort, and the process required a lot of attention to detail by all parties. In the end, the borrowers were very satisfied with their 90% financing. Location: Texas Property: Owner Occupied manufacturing / industrial Bank Loan: $3,095,000 Interest rate: 6.5% - 5-year fixed rate Term: 33 years with 3 years of interest only payments Amortization: 30 years Prepayment: Standard SBA 504 prepayment penalty CDC Loan: $2,476,000 Interest Rate: 5.18% - 10-year fixed rate Term: 10 years Amortization: 25 years Prepayment: Standard SBA 504 prepayment penalty LTV: 90%
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 The Madison Group (TMG), a leading source of land financing nationwide, arranged a $3.6MM purchase money land loan for 66-acres in Texas. The Borrower contacted TMG and requested a high leverage land loan so he could self-finance the development. The property consisted of a SFR and 66-acres. The client’s goals were to purchase the property, develop the land into 45 lots, and sell the individual lots to residential home builders and consumers looking to build their dream home. TMG was able to find a lender that was, not only able to finance 80% of the purchase price, but also was able to lock in the interest rate for 45 days. With this amount of leverage, the client was able to self-finance the development of the land. Overall, the client was very happy with the loan terms and how quick the lender was able to close. The client is excited to move forward with the development and sell the lots for residential homes. Location: Texas Loan amount: $3,600,000 Loan-to-value: 80% Term: 5 years with 12 months of I/O Rate: 5.65% Amortization: 25-year amortization Prepayment Penalty: None
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