Manufactured Housing Community - Debt

Northmarq’s Baltimore office completes $51.5 million refinance of Deep Run Mobile Home Park in Elkridge, Maryland

BALTIMORE, MARYLAND (February 21, 2022) – Nancy Ferrell, vice president/regional managing director and Tim Greisman, senior vice president, arranged the $51.5 million refinance of Deep Run Mobile Home Park. The 621-unit manufactured housing community (originally built in 1982) is located at 6551 Old Waterloo Road in Elkridge, Maryland. The transaction was structured on a long-term, fixed rate mortgage including 11-years of interest only followed by a 30-year amortization schedule. Northmarq secured the permanent-fixed loan for the borrower through its correspondent relationship with a life insurance company. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.