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
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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
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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
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The Madison
Group (TMG), a leading national lending source of RV Park financing, arranged a
$1,105,000 loan to refinance an RV Park and campground in Ohio.
The client recently
purchased the stabilized RV Park & Campground with all cash to capture the
property at a discounted price and close quickly. After closing the acquisition, the client
approached The Madison Group to recapitalize the property. The client’s objective was to refinance the
property at a reasonable LTV and DSCR to operate profitably and obtain cash out
to invest in other commercial real estate opportunities.
The Madison
Group was able to work with one of its trusted lenders to meet the client’s
objectives to fund and close the loan in a reasonable time frame. The client, lender, and TMG were able to work
closely together to make this transaction a smooth process.
Property: RV
Park & Campground
Location: Ohio
Loan Amount: $1,105,000
LTV: 65%
Interest Rate: 5yr
Fixed 7.59%
Term: 10 years
Amortization: 30
years
Prepayment: 3,2,1
Guarantee: Recourse
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The Madison
Group (TMG), a premier national lending source specializing in RV Park
financing, proudly announces the successful arrangement of a $4,000,000 SBA
loan to refinance an RV Park located in Georgia.
This strategic
refinancing initiative reflects TMG's commitment to providing tailored
financial solutions for the growing RV Park sector. The use of the Small
Business Administration (SBA) loan highlights the group's ability to leverage
federal lending programs to deliver optimal financial outcomes for their
clients.
“We are
thrilled to have facilitated this significant refinancing deal utilizing an SBA
loan,” said Michael Estes, Commercial Loan Advisor. “This transaction
underscores our dedication to serving the unique needs of RV Park owners and
navigating the complexities of SBA financing with precision.”
The Madison
Group remains a trusted partner for RV Park owners nationwide, offering a range
of customized financing options designed to optimize their financial success.
Property: RV
Park
Location: Georgia
Loan Amount: $4,000,000
LTV: 55%
Interest
Rate: Floating rate
Term: 25 years
Amortization:
25 years
Guarantee: Recourse
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