2002 Transactions
Tremont Arranges Financing
for Illinois Manufactured Housing Community
The Chicago office of Tremont Realty Capital, Inc. arranged
financing for the Acquisition of the Tuckaway Manor Manufactured
Housing Community located in Germantown Hills, Illinois.
Tom Lorenzini, Managing Director of Tremont,
arranged the $1,150,000 loan, which was funded through a
conduit program. The 10-year, non-recourse loan provided
for roughly 75% loan to value with a low 7% interest rate.
The property's 92 home sites were approximately 90% occupied
at the time of closing.
Amenities include an on-site office, 2 Single-family
homes and several self-storage unites. "The loan allowed
the borrower to secure a long term fixed rate mortgage at
very attractive pricing", according to Lorenzini.
For additional information on this transaction, please contact:
Thomas Lorenzini
Managing Director
Email: tlorenzini@tremontcapital.com
Phone: 312.236.0960
