Shrewsbury Mobile Home Parks
StackSource successfully sourced $1,900,000 in non-recourse financing for two mobile home parks in Shrewsbury, MA. Shrewsbury is a suburb of Worcester, the second largest city in New England next to its neighbor Boston 45 minutes away.
The property owner sought to refinance their existing debt to a lower interest rate while taking cash out. Capital Advisor Tommy Lester arranged a Fannie Mae execution that accomplished both at a 15 year fixed term on 30 year amortization.