Park Place Mobile Home Park

Location: Mesa, AZ
Type: Mobile Home Park
Price: $ 8,000,000

SMC’s $8,000,000 first mortgage loan refinanced existing debt on the Park Place Community & Resort, which is an age restricted (55 or older) manufactured housing and RV community in the eastern portion of metropolitan Phoenix within the City of Mesa. The Sponsor has successfully operated the Property since they’ve acquired it in 2002.