TIR Equities Refinances Manufactured Housing Communities In Whitehall, Almont, Grand Rapids & Albion, MI For $16.8M With Fannie Mae Loan

A loan has been closed for the properties located at 2701 Crystal Lake Rd, 4600 N. Van Dyke Rd, 11630 14th Ave NW, and 2701 30 Mile Rd in Whitehall, Almont, Grand Rapids, and Albion, MI. These properties are classified as Manufactured Housing Communities.

Summary of transaction details

• Property Type: Manufactured Housing Communities
• Loan Amount: $16,777,000
• Loan Type: Refinance
• Loan Terms: 10 Years, Interest Only Period: 5 Years
• Lender: Fannie Mae
• Landlord: TIR Equities - Ara Darakjian
• Brokers: Justin Piasecki, Richard Sutton, Max Lipner, and Yaakov Zar - Lev Capital

The loan amount for the properties is $16,777,000, and it was obtained through a refinancing transaction. The loan terms include a duration of 10 years, with an interest-only period of 5 years.