Ultra Mobile Home Portfolio

Location: Various, IN
Type: Mobile Home Park
Price: $ 4,192,500

SMC has provided two loans totaling $4,192,500 to refinance three mobile home parks known as Windhorst Park, Fair Oaks Estates, and Levee Place. Windhorst Park is an 80% occupied, 83-pad MHC located in Indianapolis, IN. Fair Oaks Estates is a 67% occupied, 79-pad MHC located in Fairmount, IN, roughly 70 miles NE of Indianapolis. Levee Place is an 84% occupied, 105-pad MHC located in Evansville, IN, roughly 125 miles West of Louisville, KY. Together, the parks total 267 pads with an aggregate occupancy of 78%. The Sponsors have owned and managed all three parks in excess of 10 years.