Shrewsbury Mobile Home Parks

Fixed at 3.7% for 15 years, Non-recourse
Wood frame homes surrounding a concrete street where cars are parked and telephone wires run above the subject area.
Amount: $
Interest Rate: 

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.

Deal Team

No items found.
Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Habitat for Humanity of Greater Newark