Central Iowa Mobile Home Portfolio

Various locations
,
IA
3.8% Fixed, 5/25
Aerial photograph of a mobile home park community showing several mobile homes situated around a curved road
Amount: $
4777500
Interest Rate: 
3.8
%

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.

Charitable Cause supported by 1% of StackSource's revenue on this transaction: