The Madison Group arranges a $7.1MM loan to purchase and expand an RV Park in Ohio

The Madison Group (TMG), a leading nationwide source for commercial real estate financing, is pleased to announce the successful arrangement of a $7.1MM acquisition loan for an RV park / Leisure Campground located in Ohio. The highlight of this financial solution was a 70% LTC that included future CAPEX improvements planned by the borrower.  Other competitive terms include an interest rate of 7.16% with a 5-year terms and a 25-year amortization. Notably, the structure includes a 12-month interest-only period providing payment flexibility at inception of the acquisition and planned improvements.  

The financing was tailored to meet the strategic objectives of the borrower, who aims to capitalize on the growing demand for outdoor leisure experiences in this region.  The borrower had unique sponsorship and guarantee requirements and therefore the right lender for the region, the size of the loan, and other deal nuances were paramount to winning deal.  The Madison Group’s deep industry knowledge and strong relationships with leading lenders were instrumental in securing this vital financing, reaffirming TMG's commitment to delivering customized and innovative financial solutions to its clients.

Property: RV Park

Location: Ohio  

Loan Amount: $7.1MM

LTC: 70%

Interest Rate: 7.16%

Term: 5 Years

12 Months Interest Only

Prepayment: 3,2,1

Guarantee: Limited Recourse

‍