The Madison Group (TMG), a leading source of mobile home park financing nationwide, recently closed a $4,076,000 cash-out refinance for two mobile home parks in Oregon. The parks have 53 and 63 spaces respectively. They are located in a tertiary market. The finalized terms of this loan were 3.94% interest, 10 year term, and a 25 year amortization with approximately $560K in cash proceeds to the borrower. This was a nonrecourse loan, and provided the borrower an extra level of protection in his portfolio. The borrower desired a cash-out nonrecourse loan to create a liquidity event to use for other real estate purposes. The borrower wanted to utilize both parks on the same loan even though they were substantially different quality assets. He also wanted to have an aggressive interest rate under 4% to make the loan work for his cash flow purposes. Seventeen home pads are located in a flood zone so there needed to be workaround for that issue with income and insurance. The rental income from those properties could not currently be considered in the net operating income. The lender agreed to allow for future cash out if a new FEMA map was provided by the borrower. The Madison Group did not stop with the first lender to provide terms that would maximize the borrowers long-term investment needs. Some lenders were scared off by the flood plain issue. By working intensely with the underwriters and insurance provider, TMG was able to secure a mobile home park loan that satisfied the lender’s needs and provided a long-term solution for the borrower’s investment strategy. The financing was arranged by Jeff Meierhofer at The Madison Group. The Madison Group (www.madisongroupfunding.com) is a commercial loan broker and consultant specializing in financing for investor properties nationwide. TMG provides flexible and reliable capital for real estate acquisitions, refinances, and re-capitalizations for a variety of property types including: multifamily, mobile home parks, credit tenant NNN net lease, office, retail, industrial, self-storage and other commercial properties in the United States. Established in 2001, The Madison Group’s intention is to provide highly competitive loan products through its superior capital market expertise and quality sources of capital. TMG works efficiently and effectively to get the transaction closed and funded. The Madison Group and Jeff can be reached at 435-785-8350 or by emailing Jeff at Jeff.M@madisongroupfunding.com. The borrower wanted to refinance two parks which are both located in a tertiary market. He desired a cash-out, nonrecourse loan to create a liquidity event to use for other real estate investments. The borrower also wanted to utilize both parks on the same loan even though they were substantially different quality assets. He requested an aggressive interest rate under 4% to make the loan work for his cash flow purposes. By working intensely with the underwriters and insurance provider, TMG was able to secure a loan that satisfied the lender’s needs and provided a long-term solution for the borrower’s investment strategy. The finalized terms of this loan were 3.94% interest, 10 year term, and a 25 year amortization with approximately $560K in cash proceeds.