
The Madison Group (TMG), a nationwide commercial real estate finance firm, has arranged approximately $2.8 million in term financing for an experienced manufactured housing community operator.
The financing is secured by a portfolio of manufactured homes owned and operated as rental units within the borrower’s manufactured housing communities. The transaction provided the borrower with long-term, fixed-rate financing on its existing rental home inventory. This cash out financing transaction was able to provide the borrower with enough capital to purchase a new park and homes.
Key Loan Terms
By securing long-term financing on the borrower’s existing rental home portfolio, TMG helped the client establish a predictable debt structure while continuing to execute its broader strategy of increasing occupancy and growing its manufactured housing portfolio.
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