BoaVida Triwinds Portfolio

Location: Various locations, CA, OR
Type: Mobile Home Park
Price: $20,800,000

SMC provided a $20,800,000, ten-year fixed rate interest only loan on a multi-property MHC/RV Park located in California and Oregon for the 8th largest MHC operator in the county. Collateral consisted of 6 properties totaling 438 pads. The properties were developed between 1955 and 1980. At time of closing, occupancy was 93.4%.