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Tremont Realty Capital Secures $6.6M in Refinancing for Housing Community in New York

RIVERHEAD, N.Y. — Tremont Realty Capital has arranged a $6.6 million loan for the refinance of Oakland Ridge MHC, a 100-space manufactured housing community located on the north side of Long Island in Riverhead. The non-recourse loan was structured with a 10-year term and a 30-year amortization schedule with two years of interest-only payments. John Chase of Tremont Realty Capital arranged the loan for the undisclosed borrower.

Content Partners
‣ Arbor Realty Trust
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‣ Walker & Dunlop

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