Three Pillar Communities Refinances Mobile Home Park Portfolio In Happy Valley, OR And Ukiah, CA For $15M
FINANCED
$15,000,000
Oregon
See Similar DealsFinanced 12/27/2022
FINANCED
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
See Similar DealsFinanced 12/27/2022
Summary
OREGON
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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