Maverick Commercial Arranges $2M Acquisition Loan for Manufactured Housing Community in Ohio
MIDDLEFIELD, OHIO — Maverick Commercial Mortgage has arranged a $2 million loan for the acquisition of a 152-site manufactured housing community in Middlefield known as Middlefield MHC. The community features a management office, off-street parking and storage units. Ben Kadish of Maverick arranged the 10-year, fixed-rate loan, which features a 30-year amortization schedule. A national lender provided the nonrecourse loan. Borrower Park Place Communities currently owns and operates 35 manufactured housing communities in 13 states.