Castle Park Investments Secures $100M Loan From Wells Fargo For Manufactured Home Acquisitions

Castle Park Investments has obtained a $100 million credit facility led by Wells Fargo for its joint venture equity partnership targeting manufactured housing acquisitions. The loan amount is $100,000,000 and it is an acquisition loan. Newmark facilitated the transaction, which involved the acquisition of a 514-lot portfolio in the Pittsburgh area. Castle Park Investments plans to use the credit facility for additional acquisitions.

Summary of transaction details

• Property Type: Manufactured Home
• Transaction Amount: $100,000,000
• Lender: Wells Fargo
• Landlord: Castle Park Investments
• Brokers: Jordan Roeschlaub, Dustin Stolly & Chris Kramer - Newmark

The joint venture equity partnership led by Castle Park Investments involved the acquisition of a 514-lot portfolio in the Pittsburgh area. The brokers involved in the deal were Jordan Roeschlaub, Dustin Stolly, and Chris Kramer from Newmark. The credit facility provided by Wells Fargo will enable Castle Park Investments to pursue additional manufactured housing acquisitions in the future.