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The Madison Group (TMG), a leading nationwide commercial real estate finance firm specializing in RV parks and campgrounds, is pleased to announce the successful closing of a $5,440,000 acquisition and expansion loan for a 180-site RV resort located outside of Chicago, Illinois.
The property features a well-balanced mix of seasonal and transient RV sites along with best-in-class amenities, making it one of the premier RV destinations in its market.
The borrower initially engaged another commercial real estate mortgage consultant, but the financing fell through after the lending partner was unable to complete the transaction. The sponsor then turned to The Madison Group to secure a replacement financing solution within a compressed timeframe.
TMG quickly underwrote the opportunity, prepared a comprehensive credit memorandum, and marketed the transaction to its nationwide network of lending partners. The borrower sought not only competitive acquisition financing, but also capital to fund the expansion of approximately 80 additional RV sites and other property improvements.
Recognizing the sponsor's long-term vision for the property, TMG successfully incorporated the planned expansion into the financing structure, allowing the borrower to acquire the asset while simultaneously positioning the resort for future growth. By leveraging its extensive network of institutional lenders, TMG delivered a customized financing solution aligned with the client's investment objectives.
Financing Summary
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