2003 Transactions
Tremont Arranges $1,600,000
Financing for Knollwood Park MHC
The
Chicago office of Tremont Realty Capital arranged financing
for the acquisition of Knollwood Park Manufactured Housing
Community, a 117-site manufactured housing community located
in Mankato, Minnesota.
Tom Lorenzini, a Managing Director with Tremont,
arranged the $1,600,000 loan, which was funded through a
New York based conduit lender. The 10-year, non-recourse
loan provided for 80% loan to value with a sub 6% interest
rate. The property was approximately 95% occupied at the
time of closing.
For additional information on this transaction, please contact:
Thomas Lorenzini
Managing Director
Email: tlorenzini@tremontcapital.com
Phone: 312.236.0960
