Non-recourse fixed-rate loan for the refinancing of manufactured housing
$13,000,000
55+ Manufactured Housing
Life Insurance Company
Boynton Beach, Florida
Refinancing of Stabilized Property to Boost Equity Returns
Steve Mench refinanced this property with a fixed-rate non-recourse permanent loan. The property was stabilized and performing well. The new loan enabled the investors to conservatively leverage the asset and boost returns on equity.