1,100 plus pads in 3 different states
Client – Alegre Communities
Engagement – Capital Raise (Leveraged Debt) and Asset Management
Total Capitalization – $39MM
Capital Raise – Successfully raised $35MM of levered debt (90% LTC) for the acquisition of 8 manufactured housing properties in 3 states. Capital raise allowed for the acquisition, cap ex work and purchase of new homes by Alegre Communities (“Alegre”) to increase occupancy and cash flow.
Asset Management – Post capital raise, engaged by Alegre ’s lender to assist with oversight of the new homes purchases and performance.