Wednesday, July 21, 2010

Tremont Structures $4.5M Financing for Wisconsin Manufactured Housing Community

CHICAGO, IL--The Chicago office of Tremont Realty Capital structured financing for the refinance of Oakwood MHC (top left photo), a 215-unit manufactured housing community located in Kenosha, WI.

Tom Lorenzini, (middle right photo)  a Managing Director with Tremont, arranged the $4,500,000 loan, which was funded through one of Tremont’s correspondent relationships.

The five year non-recourse loan provided for roughly 63% loan-to-value with a 5.25% interest rate.

According to Lorenzini, “Given Tremont’s successful track record with manufactured housing communities, we were able to ensure a smooth and timely closing for the borrower despite the challenging capital markets.”

Tremont Realty Capital, LLC is a national real estate investment and advisory firm, which makes direct debt and equity investments and provides institutional advisory services.

Direct programs include high leverage bridge loans, short and long term mezzanine loans and equity capital. The Chicago office of Tremont Realty Capital is located at 30 N. LaSalle Street, Suite 2050, Chicago, IL 60602. The phone number is 312.236.0960 and the fax number is 312.236.1534. You can visit Tremont on the Internet at

For additional information on this transaction, please contact:

Tom Lorenzini at 312.236.0960 or
Aimee Munsey, Senior Associate, Marketing & Communications, Tremont Realty Capital, 200 State Street, 13th Floor, Boston, MA 02109, p: 617.867.0700 x784, f: 617.867.0077,,

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