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LMF Commercial Provides $8.3 Million Refinance Loan For Fayetteville Manufactured Housing Community

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FINANCED
$8,300,000

North Carolina

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MultiFamily
Financed 10/07/2025
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Property Image
FINANCED

LMF Commercial Provides $8.3 Million Refinance Loan For Fayetteville Manufactured Housing Community

MultiFamily
Financed 10/07/2025
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

LENDER

Details

FINANCED
IMAGE: Mike Muscatell DATE: 10/07/2025 MARKET: Fayetteville, NC ASSET TYPE: Manufactured Housing Community (MCH) ~ UNITS: 292 LENDER: LMF Commercial (@LMFCommercial) LOAN ORIGINATOR: Mike Muscatell LOAN AMOUNT: $8,300,000 LOAN TYPE: Refinance LOAN TERMS: CMBS- 5 Year FTIO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,300,000.00

Monthly NOI$55,333.33
Monthly Debt Service$52,461.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00