Arriba Capital is proud to announce the successful closing of a 25-year, $3,100,000 loan for an RV and Mobile Home Park ("MHP") located in Felton, CA. 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.
Upon closing the loan the borrower stated: “I want to express sincere thanks to the team at Arriba Capital for the tremendous job you’ve done in facilitating the successful closing of this loan. Without your team’s expertise, persistence, and know-how, I don’t believe the deal would have gotten done”.