Finance L Iowa

KeyBank Real Estate Capital closes $6 million loan for Iowa mobile home park

Western-Village-Mobile-Home-Park

KeyBank Real Estate Capital has secured a $6.5 million non-recourse, CMBS first mortgage loan for Western Village Mobile Home Park in West Des Moines, Iowa.

KeyBank Real Estate Capital has secured a $6.5 million non-recourse, CMBS first mortgage loan for Western Village Mobile Home Park in West Des Moines, Iowa.

The 55-and-older community consists of 271 pads across 46.32 acres, with a leasing office/clubhouse and a one- or two-car garage on most lots.

Todd Linehan of Key's Commercial Mortgage Group secured the financing.