Three Pillar Communities Refinances Mobile Home Park Portfolio In Happy Valley, OR And Ukiah, CA For $15M
8525 Southeast Orchard Lane, Happy Valley, Oregon 97086, United States
$15,000,000
Building Size
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Asset Type
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Closing
Dec 27, 2022
AI
A mobile home park with 185 units located at 8525 SE Orchard Lane in Happy Valley, Oregon and 3900 N. State St in Ukiah, California has recently undergone a refinancing loan. The loan amount of $15,000,000 has been obtained for this transaction. The property is owned by Three Pillar Communities.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $15,000,000
- Address: 8525 SE Orchard Lane, Happy Valley, Oregon & 3900 N. State St, Ukiah, California
- Market: Happy Valley, Oregon & Ukiah, California
- Asset Type: Mobile Home Park
- Units: 185
The refinancing loan for this mobile home park was facilitated by Jonah Aelyon and Nick Rango from JLL Capital Markets. They acted as brokers in this transaction, representing Three Pillar Communities.
Players
Happy Valley CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93