Mobile Home Park
Western Iowa

In November 2019, the Keel Team and investment partners purchased an 80 lot mobile home park in western Iowa for $1.4 million.


Original Acquisition Price
November 7, 2019


Initial Cash Investment


Through improvement initiatives such as: filling vacant pads, removing run down homes, converting utility payment from park paid to tenant paid, 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:



Recourse debt for both partners.


Cash flow distribution

On July 2020, the first cash flow distribution was $27,256.30.


Cash out refinancing event

On March 11th, 2022, the first refinancing event occurred.



Preferred Distributions

The partnership received $1,205,640.32 from the refinancing event. The new debt is non-recourse, Fannie Mae agency debt.

Preferred Distributions Paid Monthly




*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 MHP.


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


Forced savings of approximately $1,508,000 due to the equity remaining in the property after the March 2022 refinancing even.

*Based on refinance appraisal values.


Additional potential equity appreciation as the MHP 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.

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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