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The Madison Group (TMG), a national leader in manufactured housing community financing, has secured $8,112,000 to refinance five mobile home communities located in South Carolina. The repeat clients engaged TMG to refinance their maturing loans and obtain cash-out proceeds.
The borrowers sought non-recourse financing with a 10-year fixed rate, 30-year amortization, and five years of interest-only payments. The five communities, comprising a total of 225 pads, are located in close proximity to one another. The clients acquired the properties between 2019 and 2023 and completed significant renovations and expansions across all locations.
TMG structured financing through a non-recourse lender, using all five communities as collateral across three separate loans to maximize cash-out proceeds. TMG’s expertise in the manufactured housing sector and strong lender relationships ensured a smooth closing process. The clients were pleased with the results and are actively seeking their next acquisition.
Partner with The Madison Group to secure the best financing for your investment.
