The Madison Group Arranges $1.9 Million Bridge Loan for a Manufactured Housing Community in Michigan

The Madison Group (TMG), a leading nationwide source for commercial real estate financing, is pleased to announce the successful arrangement of a $1,900,000 bridge loan for a manufactured housing community located in Michigan. This financing solution, with a competitive interest rate of 8.25%, features a two-year interest-only term. Additionally, the loan includes two three-month extension options, enabling the sponsor to capitalize on an ongoing infill project that aims to enhance the community's occupancy and overall value.

The refinance strategically addresses the sponsor's objectives of optimizing cash flow while pursuing growth opportunities within their property. By securing this full-recourse financing, the client is positioned to reinvest in the community and attract new residents, ultimately strengthening their market position. The TMG team, comprised of former commercial bankers, leveraged their industry expertise and extensive lender relationships to identify the most favorable financing structure tailored to meet the sponsor's goals.

Property: MHP

Location: Michigan

Loan Amount: $1,900,000

Interest Rate: 8.25%

Term: Two-Years Interest Only with two three-month extensions

DSCR: 1.25

Max LTARV: 65%

No PPP

Full Recourse

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