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Long Term Fixed Park Refinance with Cash Out MHRV Advisors has completed the cash out refinance of mobile home park community in Desert Hot Springs on October 12, 2006. Within 2 years of purchasing the mobile home park the borrower replaced a 6.75% adjustable rate loan with a 6.14% interest rate fixed for 30 years, due in 30 years. The borrower was able to pull approximately $1,000,000 in cash out of this park and retire an adjustable rate loan with a lower fixed rate loan and have on a slight increase in monthly debt service.
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MHRV Home Page > Parks Sold & Loans > 2006 Fixed Rate Park Refinance with Cash Out - Desert Hot Springs
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5694 Mission Center Rd., #400 San Diego, CA 92108-4312 Fax: (858) 777-5380
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