The Madison Group Arranges $8.66 Million Acquisition for a Manufactured Housing Community in Kansas

The Madison Group (TMG), a leading nationwide source for commercial real estate financing, is pleased to announce the successful arrangement of an $8,660,000 acquisition loan for a manufactured housing community located in Kansas. With an interest rate of 6.75% and a 20-year amortization period, this strategically structured deal accommodates 80% loan-to-value (LTV) financing. The transaction includes the acquisition of 102 park-owned homes within a community that encompasses a total of 161 lots, enhancing the property’s capacity and value. Key to this financing structure is an initial 12 months of interest-only payments, providing flexibility for the sponsor to infill 36 vacant lots with additional park-owned homes.

The sponsor, a repeat client of The Madison Group, aims to enhance the community’s appeal and occupancy by upgrading the current offering and maximizing the use of available lots. The tailored loan structure not only allows for immediate capital relief but also positions the sponsor strategically within the market. TMG's dedicated team of former commercial bankers took an active role in identifying and negotiating favorable terms with the nation's leading lenders, ensuring that the client's objectives were met efficiently and effectively.

‍

Property: MHP

Location: Kansas

Loan Amount: $8,660,000

Interest Rate: 6.75% - 1 Year of I/O

Amortization: 20 Years

‍