Ranchview Mobile Home Park

Transaction description

Seth Ludwick of PSRS arranged the $1.8 million cash-out rollover refinance of a manufactured housing property in Porterville, California. The subject property is a 117-unit manufactured housing community. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 30% LTV non-recourse loan, with a 10-year term and 30-year amortization.