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KeyBank Provides $16M Loan for Acquisition of Manufactured Housing Community in Fair Haven, Michigan

The Shores at Anchor Bay features 656 pad sites.

The Shores at Anchor Bay features 656 pad sites.

FAIR HAVEN, MICH. — KeyBank Real Estate Capital has provided a $16 million Fannie Mae loan for the acquisition of The Shores at Anchor Bay in Fair Haven, about 40 miles north of Detroit. The 656-pad manufactured housing community was built in two phases in 1969 and 1985. Timothy Weldon of KeyBank originated the seven-year loan, which features a 30-year amortization schedule. The borrower was not disclosed.

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