How We Achieved a 33% Cash-on-Cash Return with Off-Market Deals & Vertical Integration

At Crystal View Capital, we believe in transforming communities and unlocking hidden value—and our latest refinance is a powerful example of both.

We recently refinanced a 360-site, mobile home community portfolio in Michigan through Freddie Mac, securing $12.77 million in fixed-rate, interest-only debt for ten years. Originally acquired for $14.25 million, the properties were appraised at $21 million just over a year later.

What drove this increase in value?

• Net operating income growth

• Rental increase, fee adjustments, and utility pass-throughs

• Strong occupancy

• Infrastructure improvements

• Infill strategy

The refinance returned 88% of our original equity, resulting in a projected 33% cash-on-cash return. COO Derek Bergeon also shared how our operational playbook—focused on swift revenue improvements and community enhancement—led to a 30% revenue increase within just three months at one property.

This transaction is part of Crystal View Capital’s broader Fund IV strategy to acquire, enhance, and reposition undervalued communities. It underscores our ability to generate strong returns while improving resident quality of life.

Disclaimer:
The information contained herein is provided for informational and illustrative purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment products. Any such offer will be made only to qualified investors by means of a confidential private placement memorandum and related documents, and only in those jurisdictions where permitted by law.

Investments in private funds involve significant risks. Past performance is not indicative of future results. The projected returns, asset valuations, and other forward-looking statements included herein are based on assumptions and estimates that may not materialize.

Crystal View Capital does not guarantee any specific outcomes or returns. All opinions expressed are current as of the date of publication and are subject to change without notice.