Mobile Home Park
In February 2021, the Keel Team and investment partners purchased a 54 lot mobile home park in the Warsaw, IN MSA for $1,442.000.
Original Acquisition Price
December 12, 2018
Initial Cash Investment
Through improvement initiatives such as: filling vacant pads, removing run down homes, filling potholes, repairing off-street parking pads, renovating a single family house, modest lot rent increases, and others, we were able to improve the park operations, increase NOI, and achieve a significant value increase. The financial results of these efforts are summarized below:
Cash flow distribution
On August 2021, the first cash flow distribution was $23,231.33.
Refinance closing date
On July 26th, 2022 the first refinancing event occurred.
Distributions Paid to Investors
Investors received $892,894.20 in distributions.
Investors received $846,642.87 at the refinance closing.
Monthly Distributions Paid Starting in Month 6
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LEGAL DISCLOSURE: All investment offerings have a high degree of risk. Results may vary. Past performance is not a guarantee of future success.