Pavilion Estates

Location: Kalamazoo, MI
Type: Mobile Home Park
Price: $ 7,931,250

SMC has provided a $7,931,250 first mortgage loan to finance the acquisition of Pavilion Estates, a 529-pad manufactured housing community located in Kalamazoo, MI. The asset exhibited significant historical EGI stability amidst conservative loan metrics. Community amenities include above-average lot sizes, an on-site leasing office, clubhouse, RV storage, volleyball as well as basketball courts, and playground and picnic areas.