Mobile Home Park
Canyon, TX
In April 2023, the Keel Team purchased a 96 lot mobile home park in of Canyon, TX.
Original Acquisition Price
April 5, 2023
Equity
Initial Cash Investment
Improvement
Summary
Through improvement initiatives such as infilling 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:
Debt
Collateral
Recourse debt for both partners. Agency debt for the General Partners.
Payout
Cash flow distribution
On October 2023, the first cash flow distribution was $79,191.96
Capital
Cash out refinancing event
On December 12, 2025 the first refinancing event occurred.
Total
Distributions
Distributions Paid to Investors
The partnership received $446,912.84 in distributions.
10% Preferred Distributions Paid Quarterly, Starting in Month 6
- October 2023: $79,191.96
- January 2024: $38,800
- April 2024: $38,800
- July 2024: $38,688.88
- October 2024: $43,311.97
- January 2025: $31,599.48
- April 2025: $31,599.47
- December 2025: $144,921.08
- Total Preferred Distributions Paid to Investors: $446,912.84
Capital
Summary
- $446,912.84 - Preferred Distributions
- $1,998,912.84 - Total Distributions
- $1,552,000 - Initial Equity Investment
- $446,912.84 - Total return on capital
Timeframe
- 32.26 Months = Approximately 2.69 Years
ROI
- 10.70% - Annualized cash on cash ROI for the partnership
*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.
Refinance
Additional supplemental loan available 12 months after refi (possible additional future returns per refinance loan terms).
Savings
Forced savings of approximately $2,763,000 due to the equity remaining in the property after the December 2025 refinancing event.
*Based on refinance appraisal values.
Appreciation
Additional potential equity appreciation as the trailer park continues 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.
