The Madison Group (TMG), a leading national lending source of
mobile home park financing nationwide, arranged a loan for $1,578,000 to
purchase a Mobile Home Park in Kansas. The park consisted of 68 pads located
within a short distance of Kansas City, KS.
Our client, seeing the value that could be added by adjusting to market
rents, needed a lender that could work with them to value the property based on
adjusted lot rents in a short time frame.
Using a lender that TMG has a strong relationship with, we were able to
accomplish the goals of our sponsor and allow for the purchase of the
property. TMG tries to source relationships
that bring value to all parties concerned and this transaction allowed for our
sponsor to take down the property with expansion in mind. TMG and the sponsor are already discussing
looking at other opportunities to work together in 2025.
Property: MHP
Location: Kansas
LTV: 70%
Loan Amount: $1,748,000
Interest Rate: 7.63%
Term: 10 years (First 12 months on interest only payments)
Amortization: 30
years
Prepayment: 3,2,1
Guarantee: Recourse
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The Madison Group (TMG), a leading national lending source
of multifamily real estate financing, arranged a $1,275,000 loan to refinance an
18-unit apartment building in TN. Our
sponsor, a repeat client, had only owned the property for a short time but had
been able to increase rents quickly to a market level. Our client, a large investor in various commercial
real estate assets and classes, wished to refinance and cash out some of the
equity so that he could reinvest it in other projects. The challenge was that he had only owned the
property for a short time and needed to convert the added value of the rent
increases into cash. TMG’s commercial
finance advisor, Michael Estes, was able to secure a lender that recognized the
value added and allowed for cash out. As
an added value, the refinance was also able to provide for a longer
amortization and lower rate. Our client
has already begun discussing another deal with TMG.
Property: Multifamily
Location: Tennessee
Loan Amount: $1,275,000
LTV: 80%
Interest Rate: 6.50%
Terms: 5 years
Amortization: 25 years
Prepayment: 3,2,1
Guarantee: Recourse
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The Madison Group (TMG), a premier national provider of
multifamily real estate financing, successfully arranged an $8,300,000 loan to refinance
a fully renovated and stabilized 110-unit apartment building in Oklahoma.
A repeat client approached TMG to execute a cash-out
refinance, leveraging the property's increased value following extensive
renovations. TMG worked closely with a lender that was willing to accommodate a
cash-out refinance above the property’s cost basis, optimizing the client’s
capital position.
Property: Multifamily
Location: Oklahoma
Loan Amount: $8,300,000
Interest Rate: 6.50%
Term: 10 years
Amortization: 30 years
Prepayment: None
Guarantee: Recourse
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The Madison Group (TMG), a leading national lending source of RV
Park financing, arranged a $2,600,000 loan to purchase a 115-pad park in Texas.
A repeat client approached TMG to secure financing for the
purchase, with the goal of expanding their long-term RV park portfolio. TMG
collaborated with a trusted lender to provide a loan offering 70% leverage and
a 30-year amortization schedule, ensuring an optimal structure that enhanced
the sponsor's returns.
Property: RV Park
Location: Texas
Loan Amount: $2,600,000
LTV: 70%
Interest Rate: 7.15%
Term: 10yrs
Amortization: 30 years
Prepayment: 3,2,1
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The Madison Group (TMG), a leading national lending source of mobile home park and RV park financing, arranged a $3,640,000 acquisition loan to facilitate the purchase of a 65-pad and 49-pad mobile home park in Tennessee. Property: MHP Location: Tennessee LTV: 70% Loan Amount: $3,640,000 Term: 10 years Amortization: 30 years Rate: 7.01% Prepayment Penalty: 3,2,1
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