BVG Portfolio III

Location: Various, CA, NM, RI, and SC
Type: Mobile Home Park
Price: $34,000,000

SMC provided a $34,000,000, ten-year fixed rate I.O. loan on eight (8) MHC/RV properties located in California, New Mexico, South Carolina, and Rhode Island. The portfolio contains 667 total pads with an overall occupancy of 87.5%.