GREEN PARK FINANCIAL PROVIDES $27 MILLION REFINANCE LOAN

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MATTESON, ILL. — Green Park Financial has provided $27 million in refinancing for Maple Brook MHC, an age restricted, 441-pad manufactured housing community located in Matteson. The loan was based on a 10-year term including 5 years interest only, with a 30-year amortization schedule. The loan was underwritten to a 1.20x debt-service coverage ratio. Amenities at the property, which was 98 percent leased at the time of closing, include a gated entry, an outdoor recreation area and a community clubhouse. Cary Monroe and Mike Giordano of Monroe & Giordano originated the loan. The Green Park Financial team was led by Andrew Tapley.

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