The Madison Group arranges a $2,000,000 term loan to refinance a long term RV park in Florida

The Madison Group (TMG), a premier national brokerage specializing RV Park financing arranged the $2,000,000 refinance of a 85 pad long term RV park near Lake Okeechobee, FL.  The transaction marks a pivotal milestone for the borrower, concluding a five-year effort to bring the property from early-stage operations to a fully stabilized, cash-flowing asset.

When the borrower first acquired the RV park, traditional lending options were limited due to the property’s lack of operating history, how the park was acquired,  and the need for significant operational improvements. Over the course of several years, the owner secured short-term capital solutions while working relentlessly to improve occupancy, strengthen financial performance, and establish long-term viability.

TMG worked closely with the managing member of the properties to navigate a tough lending environment that included the COVID pandemic, rising interest rates, a tough Florida insurance market, lender saturation with the asset class, and loan maturities to ultimately find the perfect lender to undertake the project.  Working together, we forged a loan that all were thrilled to be part of.  

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