The Madison Group Arranges $1,800,000 Cash-Out Refinance for a Manufactured Housing Community in Texas

The Madison Group (TMG), a leading nationwide source for commercial real estate financing, is happy to announce another successful closing of a $1,800,000 cash-out refinance for a manufactured housing community located in Texas. The transaction provided the sponsor, a military veteran, with crucial capital to fund their strategic expansion initiatives, including the acquisition of new homes for rental purposes, enabling them to grow the community's footprint and profitability.

TMG's team of former commercial bankers leveraged their extensive network and expertise to identify a lender capable of structuring the loan to meet the sponsor's specific needs. The resulting five-year loan at a competitive 6.75% interest rate was structured as a cash-out refinance. Notably, TMG secured a solution that provided the cash directly to the sponsor, allowing them to manage the park expansion and home acquisition process independently, thereby avoiding the complexities and costs associated with general contractors and construction draws. This flexible financing structure empowers the sponsor to execute their growth vision efficiently.

This successful closing underscore The Madison Group's proficiency in sourcing creative and effective financing solutions for diverse commercial real estate assets. TMG's deep understanding of the lending landscape and commitment to client objectives enables them to deliver tailored debt strategies that drive client success and facilitate property development and expansion.

Property: MHP

Location: Texas

Interest Rate: 6.75%

Loan Amount: $1,800,000

Term: 5 years

‍