PRESS RELEASE: The Madison Group

PRESS RELEASE: The Madison Group facilitates the $1.5 Million Loan for a Texas Manufactured Home Community   January 7, 2014 The Madison Group (TMG), a commercial loan broker and loan consultant, announced today that it has arranged the financing for the purchase of a Manufactured Home Community in San Antonio Texas.  The MHP was an older property located in a rural area on the periphery of the city.  TMG was able to provide a 65% LTV loan of $1.5 million with a seller carry back up to 75% CLTV on a 20 year loan due in 5 years at 5.95%. “The borrower needed to find a financing arm that would give him the maximum term and financing on a park that had additional land, a large number of park owned homes that predated 1976 and a lender that allowed an out of state owner to purchase the property.  All of these details created problems for typical MHP lenders and banks,” said The Madison Group’s Angela Kesselman, who originated the financing.  “The borrower will now be able to move the older homes out of the community and replace them with newer product over the term of the loan, thereby increasing the ability to refinance with a traditional lender in the future.  Kesselman also commented, “We were able to achieve the borrower’s goals on a difficult transaction by giving him a great rate and term along with the flexibility to modify the structure of the park moving forward.” The financing was arranged by Angela Kesselman of The Madison Group. The Madison Group (www.madisongroupfunding.com) is a commercial loan broker and consultant specializing in investor properties nationwide. TMG is a successful firm that provides flexible and reliable capital for real estate acquisitions, refinances, and re-capitalizations.   TMG specializes in the financing of investment properties including: apartments, mobile home parks, office, retail, industrial, self-storage.  Established in 2002, The Madison Group has been able to help a large number of commercial real estate owners meet their financial goals.  Contact Angela at 435-659-2200 or email angela@madisongroupfunding.com