Fund III Update: Successful Refinance of Ohio MHC

We’re excited to announce that Fund III have successfully closed on the refinance of our 60-site mobile home community in Mount Vernon, Ohio.

This property, acquired less than three years ago, has shown significant performance improvements under our ownership. We’ve implemented strategic operational enhancements and value-add initiatives that have resulted in a 52% increase in Net Operating Income (NOI) since acquisition.

The new refinance, secured through Freddie Mac, provides a $1,996,000 loan at a 5.73% fixed rate for 10 years.

Thanks to these improvements, we’ve been able to reduce our remaining equity in the deal to just 14% of the initial investment, while delivering a cash-on-cash return of over 18% to our investors.

The same disciplined strategy that drove this success, enhancing operations, unlocking value, and strategically leveraging financing, is exactly what we are applying across our Fund IV portfolio, which is currently open to new capital.

If you have any questions about this refinance or want to learn more about investing with us, reach out to our team.

Disclaimer: Past performance is not indicative of future results. The investment returns referenced herein, including IRR and MOIC, reflect historical outcomes specific to this asset and are not a guarantee of future performance. This communication is intended for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy any security or investment product. Any offering is made only pursuant to formal offering documents and in accordance with applicable securities laws.