Location: Felton, CA

Loan Amount: $3,100,000

Interest Rate: Prime + 2.50%

Term/Amortization: 25/25

Loan to Value: 70%

Purpose:  This MHP, said to be one of the first in the U.S., has been owned and operated by the same family for close to a decade.  “Understanding the intent to keep the property in the family for generations to come. Arriba was able to structure an attractive long-term financing solution which refinanced the existing high yield debt along with providing a longer amortization schedule. This new debt structure, along with an experienced set of family operators, will ensure the park’s long term success,” said Joel Nathanson of Arriba Capital.