Mobile Home Park
Ludington, MI

In May 2021, the Keel Team and investment partners purchased a mobile home park in Ludington, Michigan for $2,086.500.00.


Original Acquisition Price
May 18, 2021


Initial Cash Investment


Through improvement initiatives such as infilling on vacant pads, renovating run down mobile homes, modest lot rent increases, and others – we were able to improve the portfolio’s operations, increase NOI, and achieve a significant value increase. The financial results of these efforts are summarized below:



Non-recourse, Freddie Mac agency debt.


Cash flow distribution

On November 2021, the first cash flow distribution was $62,209.69.


Refinance closing date

On February, 9th, 2024 the first refinancing event occurred.



Distributions Paid to Investors

The partnership received $272,209.69 in distributions.

Investors Received

Investors received $1,258,666.74 at the refinance closing.

Monthly Distributions Paid Starting in Month 6




*And the LP investors stay in the deal after the refinance for infinite returns.

Future Potential ROI Opportunities

Infinite Returns

Infinite returns since all of the original equity investment has been returned, yet we still own the mobile home park.


Additional supplemental loan available 12 months after refi (possible additional future returns per refinance loan terms).


Forced savings of approximately $3,084,000.00 due to the equity remaining in the property after the February 2024 refinancing event.

*Based on refinance appraisal values.


Additional potential equity appreciation as the trailer parks continue to increase in value.

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.

Keel Team provides unique opportunities for passive investors to enter the mobile home park asset class without having to deal with the headaches of tenants, toilets or trash.


Contacting us does not entitle you to purchase, or to participate in any current or future offering of, securities by us and/or our affiliates. We are not offering to sell you securities by providing you with an opportunity to contact us. All of our and our affiliates’ securities offerings are done through private placements, and participation in those offerings is restricted to persons with whom we have a prior, established business relationship and who meet applicable investor standards.

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