2002 Transactions

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Tremont Arranges $1,632,000 Financing for Red Hill Estates

The Annapolis office of Tremont Realty Capital, Inc. arranged financing for the refinance of Red Hill Estates, a 31-pad manufactured housing community located in Quaker Town, PA.

John Chase, a Senior Director with Tremont, arranged the $1,632,000 loan, which was funded through LaSalle Bank's small loan program. The 10-year, non-recourse loan provided for roughly 80% loan-to-value with a 7% interest rate. The community was developed in 2001 and had just stabilized. According to John Chase, "This transaction was for a good client of mine and although it was a small transaction I was happy to arrange the financing for this newer community."

For additional information on this transaction, please contact:

John Chase
Senior Director
Email: jchase@tremontcapital.com
Phone: 410.604.1744