Hunt True Estate Money has delivered three Fannie Mae loans for produced housing communities situated in Arizona. The refinance loans total $24.two million and have fifteen-yr interest-only terms, with charges becoming locked before the markets softened because of to the pandemic. The sponsor plans to use part of the revenue to set up extra units on the web sites, as demand from customers for produced housing communities continues to be higher.
The greatest home is Meridian RV and Cellular Home Park situated at 351 N. Meridian Generate in Apache Junction. The asset encompasses 191 web sites, a heated pool, shuffleboard courtroom, library, billiard room, big recreation room as effectively as laundry facilities. El Dorado Cellular Estates is situated nearby at 202 N. Meridian Generate and contains 178 web sites. The third produced housing community, Country Club Park, is situated at 1855 W. Wickenburg Way in Wickenburg’s historic district. All properties deliver entry to searching centers, golf courses and entertainment venues.
The three properties are limited to tenants fifty five and older and deliver single- and double-large properties as effectively as RV rental spaces. They communities symbolize twenty five percent of the total range of web sites the owner operates in the western U.S.