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2701 West Crystal Lake Road
FINANCED

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

2701 West Crystal Lake Road

Manufactured Home
clock iconFinanced 1 year ago
Max Lipner
Yaakov Zar
Richard Sutton
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Summary

Loan
MICHIGAN
Manufactured Home

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.

Players

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    5

  • Agents

    3

  • Agencies

    2

Max Lipner's profile picture
Max Lipner
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Capital Markets
Yaakov Zar's profile picture
$5.3M Sold
Richard Sutton's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Justin Piasecki, Max Lipner, Ara Darakjian, Yaakov Zar & Richard Sutton DATE: 06/30/2022 ADDRESS: 2701 Crystal Lake Rd, 4600 N. Van Dyke Rd, 11630 14th Ave NW & 2701 30 Mile Rd MARKET: Whitehall, Almont, Grand Rapids & Albion, MI ASSET TYPE: Manufactured Housing Communities LENDER: Fannie Mae LANDLORD: TIR Equities - Ara Darakjian BROKERS: Justin Piasecki, Richard Sutton, Max Lipner & Yaakov Zar - Lev Capital LOAN AMOUNT: $16,777,000 LOAN TYPE: Refinance LOAN TERMS: 10 Years, Interest Only Period: 5 Years

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Address2701 West Crystal Lake Road

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