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The Madison Group (TMG), a leading nationwide source for commercial real estate financing, successfully arranged a $36,000,000 non-recourse loan to refinance a portfolio of six five-star manufactured housing communities located across Alabama and Georgia.
The portfolio consists of approximately 850 homesites, with 80%+ operated as park-owned homes. The sponsor manages the communities in a “horizontal apartment” model—owning and leasing the majority of homes while maintaining the high-quality standards expected of five-star properties.
The sponsor’s objectives were to secure a cash-out refinance with non-recourse structure and full-term interest-only payments. Through its extensive lender network, TMG identified a capital partner willing to underwrite the loan based on lot rents only, without imposing restrictive covenants on the sponsor’s home-ownership operations.
Partner with The Madison Group to secure the best financing for your investment.
