New Jersey MHC Secures Financing

CityBiz Real Estate in Philadelphia, PA reports that Cedar Grove MHC (manufactured home community) in Mantua, New Jersey, has secured a $4.55 million dollar loan arranged by Dockerty Romer & Company of Philadelphia.   The age restricted community contains 185 homes comprised of 57 percent multi-section and 43 percent single section homes.  The 25-year nonrecourse loan comes with a 25-year amortization.  The community is currently 99 percent occupied, an occupancy rate it has maintained for the last ten years. photo

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top