The Madison Group arranges a $9,400,000 cash-out refinance loan for two self-storage facilities in Florida.

The Madison Group (TMG), a leading national lending source of self-storage financing nationwide, arranged the $9,400,000 cash-out refinance loan for two self-storage facilities in Florida.    

The client approached TMG seeking a loan to refinance their existing self-storage facilities, with the intention of using the proceeds to acquire a new self-storage facility and expand their portfolio. TMG successfully partnered with a lender who was able to offer cash-out financing despite the sponsor's cost basis. Additionally, the lender provided a loan with no prepayment penalty, allowing the sponsor the flexibility to refinance or reduce the interest rate in the event of a rate decrease.

Through close collaboration between TMG, the lender, and the sponsor, the transaction was expedited, enabling the sponsor to secure the purchase of the new self-storage facility they were under contract for.

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