145
MICHIGAN — Bellwether Enterprise Real Estate Capital LLC has arranged a $42.6 million Fannie Mae loan for the acquisition of a portfolio of 10 mobile home community communities in Michigan. Specific properties and locations were not disclosed, but the portfolio spans 1,715 pad sites. MJ Vukovich of Bellwether Enterprise arranged the structured loan on behalf of the borrower, an owner-operator based in the western states. The 16-year loan features four years of interest-only payments followed by 12 years at a fixed rate of 4.9 percent.