 |
| Orion Lakes Manufactured Home Community Orion Lakes, MI |
ORION, MI -- R3
Funding, a national lender correspondent providing origination and workout
services, announced today that it has arranged an $11.5 million fixed rate CMBS
loan for Orion Lakes, a manufactured home community located in Orion,
Michigan.
The announcement was made by Ray Potter, managing partner of
R3 Funding.
Orion Lakes is 416 pads and is located at 47 Bluebird Hill.
It has a 74 percent occupancy rate and its amenities include on-site laundry
facilities, a playground and clubhouse, and a basketball court.
The community sits adjacent to the Orion Assembly GM plant,
which received a $545 million investment in 2010 in order to retool for the
Chevrolet Sonic and Buick Verano programs.
For a complete
copy of the company’s news release, please contact:
Carl Gaines
Account Director
Great Ink Communications
27 Union Square West, Suite 205
New York, NY 10003
w: (212) 741-2977
c: (917) 202-0771
No comments:
Post a Comment