Updated Oct 28, 2024
Greystone Provides $2.5M Refinance Loan For 69-Unit Mobile Home Park In Sante Fe, NM
27 Camino Cerrado, Santa Fe, NM 87506
$2,500,000
Units
69
Asset Type
—
Closing
Oct 29, 2021
About this deal
AI
A mobile home park located at 27 Camino Cerrado in Sante Fe, NM has recently undergone a refinancing transaction. The park consists of 69 units and is situated in a desirable market. The loan for this transaction was provided by greystone''>Greystone, with Brennan Weinstein representing the lender. Mahi Khoshbin, from E Mortgage Capital, acted as the broker for this deal.
Summary of transaction details:
- Property Type: Mobile Home Park
- Transaction Amount: $2,500,000
- Address: 27 Camino Cerrado
- Market: Sante Fe, NM
- Units: 69
It is noteworthy that Brennan Weinstein represented both the lender, Greystone, and acted as a broker in this transaction. Mahi Khoshbin, from E Mortgage Capital, also played a significant role as the broker in this refinancing deal. This transaction marks an important step in the financial management of the mobile home park located at 27 Camino Cerrado in Sante Fe, NM.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93