Mobile Home Park (MHP)

Maine commercial real estate loan

Location: Eliot, Maine
Amount: $1,800,000
Property Type: Mobile Home Park
Loan Type: Fixed rate
Loan Term: 10-year

Imperial Marshwood Estates Mobile Home Park (MHP) – Maine
This was a $1,600,000 loan secured by the mobile home park in Maine. The lender provided a 10-year fixed rate with a 30-year amortization on typical non-recourse loan terms. The loan did include yield maintenance prepayment penalties. This property was on a well water system and septic sewer system.