Coastal MHP

$29,500,000 Mobile Home Park Loan from Bridge Lender

City: Northern California

Loan amount: $29,500,000

Lender type: Bridge Lender

Property type: Mobile Home Park

Size: 93 Sites

Transaction description

Michael Tanner and David Sarnoff of PSRS arranged $29.5 million in acquisition financing for a mobile home park in Northern California. The 93-site, five-star manufactured housing community offers sweeping Pacific Ocean views and immediate proximity to state parks, retail, and dining. The property features a range of premium amenities, including pet-friendly spaces, outdoor gathering areas, and a stylish resident lounge. Secured through a bridge lender, the interest-only acquisition loan features a three-year term and was successfully closed in just 45 days.