Manufactured Housing Community - Debt

NorthMarq arranges acquisition financing of $5,812,000 for Homecroft Manufactured Housing Community in Superior, Wisconsin

ORLANDO, FLORIDA (April 20, 2020) – NorthMarq’s Orlando-based regional office secured acquisition financing of $5,812,000 for Homecroft, a 146-pad manufactured housing community located at 4015 Tower Avenue, Superior, Wisconsin. The transaction was structured with a 10-year term with 3-years of interest-only followed by a 30-year amortization schedule. Northmarq arranged the financing on behalf of the borrower through its Freddie Mac Optigo seller/servicer relationship.

 

Northmarq is a full-service 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 a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.