The Madison Group Arranges $1.275 Million Acquisition for Manufactured Housing Community in Illinois

The Madison Group (TMG), a leading nationwide source for commercial real estate financing, is pleased to announce a successful transaction involving the acquisition of a manufactured housing community in Illinois. The firm facilitated a loan amount of $1,275,000 at a competitive interest rate of 6.65%, structured with a 25-year amortization period and a loan-to-value (LTV/LTC) ratio of 75%. This transaction highlights TMG's ability to identify and arrange alternative financing solutions tailored to meet the unique needs of our clients in the commercial real estate sector.

The acquired mixed-use property features 38% tenant-owned homes, 38% park-owned homes, 22% apartments, and 2% retail. By leveraging TMG’s extensive network of leading lenders, the sponsor was able to secure favorable terms that not only facilitate the acquisition but also position the community for future growth and stability. This transaction further demonstrates TMG's commitment to delivering creative financing solutions that empower our clients to achieve their investment goals.

With a team composed of former commercial bankers, The Madison Group is uniquely equipped to navigate the complexities of real estate financing. Our profound industry knowledge and strategic insights enable us to provide our clients with the best financing options available, ensuring their success in a competitive marketplace.

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Property: MHP

Location: Illinois

Loan Amount: $1,275,000

Interest Rate: 6.65%

Max LTV/LTC: 75%

Term: Five years

Amortization: 25-Years

DSCR: 1.35

Prepayment Penalty 1% if financed with another lender

Full Recourse

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