Transaction Description: The Madison Group (TMG), a commercial loan broker, facilitated the financing to purchase this manufactured home community in Ontario OR. The park is located in a small market, 60 miles northwest of Boise, ID. The buyers currently own another park in the area, and the purchase of this park offered them another solid opportunity in the marketplace.
Challenges: The experienced borrowers prefer the long term amortization and fixed rate options along with non-recourse features. The location of the park and the small market size presented problems for most institutional lenders.
Solutions: TMG assisted the borrower to close this transaction with a non-recourse lender that could accommodate the buyer’s needs. TMG successfully closed the transaction at a low interest rate of 4.95% fixed for 10 years with a 30 year amortization.
The financing was arranged by Angela Kesselman 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 Angela Kesselman can be reached at 435-659-2200 or by emailing Angela at firstname.lastname@example.org.