BEECH STREET CLOSES $42.8M IN LOANS FOR MANUFACTURED HOMES

BETHESDA, MD. — Beech Street Capital LLC has closed seven Fannie Mae DUS loans totaling $42.8 million for seven manufactured home communities in Texas, Arizona and Michigan. The portfolio includes five communities in Michigan, one in Texas and one in Arizona totaling 2,232 home sites. Damon Reed of Beech Street's Birmingham, Ala., office originated the 10-year loans with a 30-year amortization schedule on six loans and a 25-year schedule on the other loan.