“Due to a time of the essence closing requirement, we needed to fund this transaction in 12 business days.”
Fair Haven, MI (PRWEB)
February 28, 2017
Knighthead Funding, LLC (“Knighthead”), the Greenwich, CT-based real estate finance company, announced that it has provided a $9.5 Million first mortgage acquisition bridge loan secured by a 1,358-pad mobile home park located in Fair Haven, MI.
The property, called Anchor Bay Mobile Home Park, is situated on approximately 273 acres located at 10470 Dixie Highway. It is currently comprised of two separate mobile home communities which offer approximately 55% single-wide pads and 45% double-wide pads. Amenities include two all brick clubhouses…