Knightsbridge Realty Arranged Permanent LoanJune 24, 2023
Knightsbridge Realty negotiated two full term IO loans for two MHC’s in a challenging interest rate market with weekly increases in spreads and treasury.
- 10 year loan term
- No reserve hold backs for taxes, insurance, or Cap X reserves
- Rate lock was extended for 30 dats with no charge
- Bonaventure is a 281 space MHC in Phoenix, AZ
- Quail Hill is a 282 space MHC in Colorado Springs, CO
- Both have RV Storage for residents, pool, pickle ball courts and club house