Transaction Description: The Madison Group (TMG) facilitated a commercial loan for an Arby’s restaurant located in American Fork Utah. The experienced investor desired to have a 25 year amortization with a fixed term of at least 10 years. TMG was able to source a loan that met our client’s goals. The finalized terms were 4.46% interest rate on a 10 year fixed loan with a 25 amortization and a flexible prepayment penalty.
Challenges: The borrower had specific goals for his 1031 exchange and replacing cash flow from the previous property. Providing an amortization of 25 years was critical, as well as keeping the rate under 4.5% with an LTV of near 70%. Many lenders found it difficult to provide a quote with an LTV that met the borrower’s needs.
Solutions: The Madison Group’s team worked diligently with the lender to provide the terms that were necessary to provide cash flow desired by the borrower. By leveraging lending relationships and working with the strengths of the borrower, The Madison Group was able to provide the source of capital and a smooth funding of the transaction.
The financing was arranged by Jeff Meierhofer at The Madison Group.
The Madison Group (http://18.104.22.168/~madispl6/) 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.