Central Iowa Mobile Home Portfolio
3.8% Fixed, 5/25
StackSource successfully arranged financing for the acquisition of a combined 280 lot portfolio of four separate mobile home communities scattered around Central and Eastern Iowa. The portfolio is currently 70% occupied with under market rental rates, representing a value-add opportunity for the sponsor, who comes from out of state and syndicated the deal to around 30 investors.
StackSource Capital Advisor Jaideep Chadha arranged a 70% LTV senior loan at 3.8% fixed and amortizing over 25 years.
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