The Madison Group arranges a $2,400,000 cash out refinance loan on a mixed-use/retail property in Tennessee.

The Madison Group (TMG), a leading national lending source of commercial real estate financing, arranged a $2,400,000 loan to refinance a mixed used property in Tennessee.

The borrower’s goal was to provide cash out equity to be used for investment purposes using a property which they had owned for 10 years – and a building that was over 100 years old.  Renovation work by our client had brought it back to modern standards and the property consisted of 20 loft apartments and 1 retail space.

Working with multiple lenders, TMG was able to exceed the client expectations with a 25-year amortization/25-year term during a volatile rate environment cycle and secure financing on the project.  Closing also occurred within 45 days of lender selection.  The client reached his target cash out goal which they plan to utilize toward other projects and has already approached TMG on his next project.  

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