LMF Commercial Provides $8.3 Million Refinance Loan For Fayetteville Manufactured Housing Community
North Carolina
See Similar DealsLMF Commercial Provides $8.3 Million Refinance Loan For Fayetteville Manufactured Housing Community
Summary
The asset involved in the transaction is a Manufactured Housing Community located in Fayetteville, NC, comprising 292 units. The transaction amount associated with this asset is $8,300,000, executed as a refinance. The loan type is structured as a CMBS with a 5 Year Full Term Interest Only (FTIO).
Summary of transaction details:
- Property Type: Manufactured Housing Community
- Transaction Amount: $8,300,000
- Lender: LMF Commercial
- Loan Originator: Mike Muscatell
- Loan Terms: CMBS- 5 Year FTIO
Mike Muscatell is the loan originator facilitating this transaction, representing the lender, LMF Commercial, in the refinancing process. The focus on a CMBS structure indicates an intention for stability in terms of financing.
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