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$5,600,000 Cashout Refinance for MHP Portfolio Arranged by The Madison Group

Wednesday, Apr 12, 2017
by Jeff Meierhofer

The Madison Group (TMG), a leading source of Mobile Home Park financing nationwide, arranged the $5,600,000 cash out refinance for a two mobile home park portfolio in Oregon. The properties had a combined total of 108 pads. The borrower was most interested in maximum cash out and a long term fixed rate. The finalized terms of this loan were a 4.98% interest rate, 15 year fixed term, and a 30 year amortization. The loan is nonrecourse.

The parks had no park owned homes and consist primarily of double wide homes. The occupancy level is very high at over 90%. The borrowers have owned the parks for over 10 years and are long-time investors in real estate.   The borrower was committed to getting a long term fixed loan that will provide future stability for payments and estate planning.

The borrower utilized the two quality parks to get cash out from the loan to pay off another smaller park and also captured equity for other business purposes. TMG worked with the owners to get maximize proceeds and structure the loan for long term benefit of the estate.

“The borrowers could not get their bank to go to 30 year amortization and a fixed loan term of 15 years,” said Jeff Meierhofer, TMG’s Director of Finance. ” We were able to provide a 15 year fixed loan in combination with a large sum of cash which worked to the borrowers benefit.”

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.

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The Madison Group Arranges $1,500,000 Bridge Loan for an Office Building Purchase

Thursday, Mar 30, 2017
by Jeff Meierhofer

The Madison Group (TMG), a leading source of office financing nationwide, arranged the $1,500,000 bridge loan for the purchase of a two story office in Santa Barbara. The borrower had a short timeline on a 1031 exchange and needed to close in three weeks. The finalized terms of this loan were 4% interest rate on an interest-only loan for six months. 


This Class A single-tenant office building is 100% NNN leased. The borrowers needed a quick bridge loan as they have a close date of March 28th to purchase this asset. The buyer used his 1031 funds to purchase the well located office building near Santa Barbara. The low LTV allowed for a flexible lender to come in and commit to a closing date that satisfied the borrower’s needs.  


“Getting an appraisal done in two weeks and funding in three weeks is not the easiest thing. But the borrower was readily available and the lender made a commitment that they could close quickly and followed through with a great rate.This was a win-win for all” –Said Jeff Meierhofer, TMG’s Director of Finance.

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.

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The Madison Group Arranges $720,000 Loan for the Purchase of an Office/Warehouse in Park City, Utah

Thursday, Mar 30, 2017
by Angela Kesselman

The Madison Group (TMG), a leading source of financing nationwide, arranged the $720,000 loan for the purchase of a newly constructed office warehouse in Park City, UT.  The borrower’s goals were to purchase the building with long-term financing and also secure funds to finish the interior of the unit for his business.   TMG secured the financing with a 25-year fixed rate of 5.07% and a 25-year amortization at 94% LTV.

This unique property is designed as a living/work space. The first level is true warehouse space with 14 foot overhead doors and a 20 foot ceiling height.  The 2nd floor will be built out for the buyer’s needs for his business and will consist of 1000 square feet of office space.  The 3rd floor will be finished out by the buyer as a 1 bedroom residential apartment.  The buyer plans on leasing out this space to a tenant or one of his employees.  

The property was delivered as gray shell space. The borrower had limited funds to complete the improvements.  TMG structured the loan with the construction proceeds built in, even though they were not at the point of getting their permits for the build out at the time of the loan closing.  TMG was able to facilitate the bank to close in advance of the permits.   The bank will advance the construction proceeds once the permit is received.  The borrower was able to leverage up to 94% LTV and even get a small line of credit.  This small business owner, located in Park City, Utah, will now be able to grow his business to match the strong demand for his services.  

“We are very excited for our client.  He was able to not only purchase real estate with very little out of his pocket but also customize the space to meet his small business owner needs.  He can now grow his business and reduce his costs. The transaction is also great for the community, where he provides a much-needed service,” said Angela Kesselman, TMG’s Associate Director of Finance.

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
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The Madison Group Arranges $910,000 Refinance Loan for an RV Park in CA

Friday, Feb 24, 2017
by Angela Kesselman

The Madison Group (TMG), a leading source of mobile home and RV park financing nationwide, arranged the $910,000 refinance of a vintage RV Park in Borrego Springs, CA.  The client purchased the park one year ago and wanted to restructure the loan from a quarterly adjustable loan into a longer fixed-rate term.  TMG secured the financing with a 15-year fixed term with a rate of 4.90% and a 30-year amortization at 65% LTV.  The loan has no prepayment penalty.

This unique 77-pad park has an eclectic mix of vintage RVs and is always fully occupied and has a long waiting list. The tenant mix is 50% weekenders, 40% snowbirds, and 10% full-time residents. Most of the leases are month to month. Borrego Springs is a small market with a population of 3500 residents.   

TMG overcame several challenges to find a lender that was willing to finance an RV Park in a rural community.  The occupancy is not typical for an RV park, and there are a small number of full-time tenants.  The property performs more like a mobile home park for snowbirds than an actual RV park, which affects the type of financing available in the marketplace.  

“We sourced a lender that liked the property and the operator.  They offered him the opportunity to refinance his debt into a longer term fixed note on a 30-year amortization. The increased cash flow from the lower rate and longer amortization will help with the owner’s ability to purchase another park next year.  He no longer has his properties tied up with cross collateralization, which gives him more financial freedom” said Angela Kesselman, Associate Director of Finance.

The client commented:  “I purchased an RV park just over a year ago and I had a terrible SBA loan that required liens on other properties and businesses.  I'm not sure how I came across The Madison Group, but from the time I spoke with Angela on the phone, the process was seamless.  Once Angela knew the loan would go through, she handed me over to her loan coordinator, Brandi.  Now let me tell you, I've purchased or refinanced over 10 properties in the last 10 years and I've NEVER dealt with a loan coordinator with so much common sense and amazing communication.  I plan on buying another RV park this year and hopefully the Madison Group can help me again.  I would definitively recommend them to anyone looking for funding.”

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.

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The Madison Group Arranges $1,445,200 Refinance Loan for a Multifamily Portfolio

Wednesday, Feb 08, 2017
by Angela Kesselman

The Madison Group (TMG), a leading source of multifamily financing nationwide, arranged the $1,445,000 cash-out refinance of a multifamily residential portfolio in northern Utah and southern Idaho.  The borrower’s goals were to refinance the properties out of his personal name and put them into his LLC. He also needed to remove a partner from the existing mortgage debt.  TMG secured the financing with a five year fixed rate of 4.96% with a 25 year amortization at 75% LTV.

The portfolio consists of rental units with single family, duplexes, and 4-plexes. The dwellings are located in two different markets; some near USU in Logan, Utah, the others in Chubbuck, Idaho.  All properties are 100% leased. The experienced investor had good secondary income.  The borrower’s credit scores are lower than expected because of the 14 mortgages on his credit.  He had no derogatory credit.  

Some of the Idaho properties had very high LTVs, which were mitigated with the equity in the Utah properties.  TMG was able to find a lender willing to lend in both Idaho and Utah on multiple properties. The new loan structure reduced the number of mortgages to three and allowed him to put the loans into the names of the LLCs.   The borrower’s credit scores should now rise due to the reduction in the number of loans.  He also received some cash back to be used for future purchases.

“The transaction was complicated, as we had 13 properties in 2 different states with various equity positions.  We were able to find the right lender to work with these challenges and provide the financing the borrower required,” said Angela Kesselman, TMG’s Associate Director of Finance.

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.
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