May 17, 2017

California Manufactured Home Community Financed by Monroe & Giordano

Monroe & Giordano, a Tampa based Mortgage Company, arranged through its national lending sources, a permanent loan of $3,000,000 on an age restricted community in Southern California. The non recourse loan had an interest rate of 4.74% with a 10 year term amortized over 30 years.

The Huntsman Mobile Home Park is a beautiful, quiet, seniors only (55+) community located in the "Lake View District" of Lake Elsinore, CA - just off of I-15 and only 35 miles from the Pacific Coast. The community has over 80 lots, occupied by mostly doublewide mobile homes, and was established in 1972.

The office building/clubhouse is located at the front of the community and provides a Rec Room, Pool Table, and Shuffleboard Court which is available to be used by tenants, as well as, a Fitness Center and a Library. The clubhouse is also where you will find an in-ground swimming pool surrounded by a large patio area and the covered hot tub which is available to all residents.

Huntsman is nestled at the foot of the Santa Ana Mountains right next to the largest natural freshwater lake in Southern California, Lake Elsinore. The Huntsman MHP is surrounded by mountains, lakes, and national parks. And yet, Huntsman is still just a short drive to anywhere you may want to go in Southern California--- about an hour away from Los Angeles, San Diego, and Newport Beach. And only 30 minutes to Riverside or Temecula.

J. Cary Monroe, Michael B. Giordano, Matt Gentile and Glenda Rice with over 80 years of combined experience in commercial real estate lending, have established the commercial mortgage banking firm of Monroe & Giordano which is active primarily in the Southeastern United States. The firm represents numerous lenders that are extremely active for properties of these types. Monroe & Giordano have proven they have the ability to provide their borrowers creative solutions based on each borrower’s unique needs. Monroe & Giordano have offices in Tampa, Florida and may be reached at 813-229-5055.