Knoxville MHC Portfolio

Location: Pigeon Forge, Sevierville, Caryville, and Harriman, TN
Type: Mobile Home Park
Price: $5,800,000

SMC provided a $5,800,000, ten-year fixed rate loan on a mobile home community portfolio located throughout Knoxville, TN. The collateral consists of five (5) properties totaling 180 units built in 1970. At closing, the Portfolio had an overall occupancy of 100%.