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Mobile Home Park
Warsaw, IN

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.

1.305

Original Acquisition Price
December 12, 2018

575.5

Equity
Initial Cash Investment

Improvement
Summary

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:

Debt

Collateral

Recourse

Payout

Cash flow distribution

On August 2021, the first cash flow distribution was $23,231.33.

Capital

Refinance closing date

On July 26th, 2022 the first refinancing event occurred.

846.6

Total
Distributions

Distributions Paid to Investors

Investors received $892,894.20 in distributions.

Investors Received

Investors received $846,642.87 at the refinance closing.

Monthly Distributions Paid Starting in Month 6

Capital
Summary

Timeframe

ROI

Interested in learning more?

Get in touch with us today to learn more about mobile home park investing! 

LEGAL DISCLOSURE: All investment offerings have a high degree of risk. Results may vary. Past performance is not a guarantee of future success.

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