Mobile Home Park Portfolio

Location: Various, FL
Type: Mobile Home Park
Price: $ 14,000,000

SMC provided a individual four loans totaling $14,000,000 loan to finance four mobile home parks consisting of 342-pads located in Port St. Lucie, Pembroke Park, Melbourne, and Miami, FL. The properites are located in strong manufacturing housing markets and have maintained high occupancies over the last several years. The proceeds of the loan will be used to refinance sponsor’s existing debt at the properties.