Northern California Mobile Home Park
Advisors:
Kenneth M. Fox, CCIM
City: Santa Clara County
State: California
Lender type: Bank
Property type: Mobile Home Park
Transaction type: Refinance
Loan amount: $12,000,000
TRANSACTION DESCRIPTION
Kenneth Fox CCIM, Principal, along with Marina Elias, Senior Analyst with Barry Slatt Mortgage recently closed a $12,000,000 loan on a mobile home park in Santa Clara County, California. The property has 166 coaches that are all park owned.
Fox and Elias provided the borrower with a 7-year fixed-rate loan followed by an additional 3-year floating-rate term at an aggressive interest rate.
Fox and Elias placed the loan with a regional bank that was chosen for their competitive terms.
