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The Madison Group closes a $1,500,000 Refinance on a Self-Storage Facility in New Mexico

Tags: self storage, refinance, flexible, pre-pay, commercial financing, cash out
Friday, Jun 24, 2016
by Barb
The Madison Group (TMG), a leading source of self-storage financing nationwide, recently closed a $1,500,000 refinance for a self-storage property in New Mexico. This loyal client has successfully closed three commercial property loans with TMG in the past 2 years - and we are working on another three. The borrower was looking for a longer term fixed rate with a flexible prepayment penalty along with a 30 year amortization and cash out of the transaction. The finalized terms of this loan were 4.95% interest, 15 year term, and a 30 year amortization with approximately $300K in cash proceeds to the borrower. The 

Madison Group successfully sourced a loan with a credit union group that was able to offer 30 years on the amortization, no prepayment penalty, along with the cash proceeds to achieve the borrowers financing goals. 

 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 can be reached at 435-785-8350 or by emailing Angela at angela@madisongroupfunding.com.