PRESS RELEASE: The Madison Group Facilitates a Non-recourse Commercial Real Estate Loan a Mobile Home Community in Dodge City, Kansas

Date: 6/3/2014     The Madison Group (TMG), a commercial broker and loan consultant, has facilitated the financing for a 79 unit mobile home community in the rural community of Dodge City, Kansas.   TMG was able to bring a non-recourse loan of $1,200,000, rate of 5.75%, with a ten year fixed rate on a 30 year amortization.   Although the park is located in a small market, the occupancy was historically strong and we were able to get a large amount of cash out for the sponsor.  The owner had previously had issues with the financing of the park due to size and location.  TMG analyzed the information provided and were able to find the right lender to fit with the specific needs of the owner.   “The property is located in a small market, but because of our experience with this property type, we were able to facilitate the most favorable terms to meet the clients goals, said Angela Kesselman of The Madison Group who originated the financing.  “The borrower’s needs were to secure a 10 year term at a lower rate than his existing loan, while getting maximum proceeds. The borrower is now looking to purchase other parks with the proceeds”.   The financing was arranged by Angela Kesselman Associate Director of Finance 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 435-785-8350 or by emailing Angela at angela@madisongroupfunding.com.