Rosemead MHP

Transaction description

Mike Davis and David Sarnoff of PSRS arranged the $1.2 million refinance of a 32-unit RV and mobile home park in Rosemead, California. Situated on just under one acre, the property includes two permanent structures serving as an office and a laundry facility. The sponsor owns all lots, while the individual coaches are tenant-owned. Financed through bank execution, PSRS secured a five-year loan term with a 25-year amortization for the borrower.