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The Madison Group arranged a $1,248,000 non-recourse loan to purchase a medical office building in Tennessee.

Tags: non-recourse, non-recourse loan, non-recourse financing, commercial loan, commercial real estate loan, max leverage loan, medical office building, medical office financing, medical office building loan, medical office building lender
Wednesday, Apr 27, 2022
by Jared Shupe

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 arranged a $2,078,641 multifamily construction loan to finance an 18 unit development in Utah.

Tags: Multifamily, Multifamily Financing, Multifamily Loans, Commercial Loans, CRE Financing, Commercial Real Estate Loans, construction loans, construction financing, interest only loans, development loans, development financing, no prepayment penalty
Wednesday, Apr 27, 2022
by Jared Shupe

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 arranged a $5.6MM nonrecourse loan to purchase and expand an existing mobile home park in Louisiana.

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, Non Recourse Financing, Non Recourse Loans, nonrecourse loans, nonrecourse financing
Tuesday, Apr 26, 2022
by Kyle Losch

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 arranged a $5.3MM loan to refinance and cash out of an existing self-storage facility in Texas.

Tags: self storage financing, self storage loans, commercial loans, cash out loan, earn out loans, no prepayment penalty, interest only loans, commercial real estate financing, commercial real estate loans
Tuesday, Apr 26, 2022
by Kyle Losch

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 arranged a $2.563MM loan to purchase a mobile home park in IA

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, Non Recourse Financing, Non Recourse Loans
Sunday, Mar 27, 2022
by Jared Shupe

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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