$3.19M Loan Secured For Acquisition Of 100 Unit Mobile Home Park Portfolio In Spartanburg SC
FINANCED
$3,187,500
+ 1
South Carolina
See Similar DealsMobile Home
Financed
FINANCED
$3.19M Loan Secured For Acquisition Of 100 Unit Mobile Home Park Portfolio In Spartanburg SC
Mobile Home
Financed
+ 1
Summary
SOUTH CAROLINA
Asset Type:Mobile Home
Transaction Type:Loan
The property involved in the transaction is a mobile home park portfolio consisting of 100 units, located at 143 Chelsea Street in Spartanburg, South Carolina. The loan amount secured for the acquisition of this asset is $3,187,500.
Summary of transaction details:
- Property Type: Mobile Home Park Portfolio
- Transaction Amount: $3,187,500
- Address: 143 Chelsea Street
- Market: Spartanburg, South Carolina
- Units: 100
- Loan Type: Acquisition
The deal involved key individuals representing different firms: Chaim Sherwinter and Paul Gilbert are the brokers from Meridian Capital Group, while Dylan Hellberg and Glenn Esterson represent the sales side from Marcus Millichap.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,187,500.00
Monthly NOI$21,250.00
Monthly Debt Service$20,147.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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