Finance v Wisconsin

Maverick Commercial Mortgage provides $6 million loan for Kenosha mobile home park

oakwood

Benjamin Kadish, president of Maverick Commercial Mortgage, recently provided a first mortgage loan of $6.09 million for the Oakwood Mobile Home Park in Kenosha, Wis.

Benjamin Kadish, president of Maverick Commercial Mortgage, recently provided a first mortgage loan of $6.09 million for the Oakwood Mobile Home Park in Kenosha, Wis.

The loan is a 10-year fixed-rate non-recourse loan on a 30-year amortization.

The property is a 215-pad mobile home park located on a 27.5 acre site. The park is currently 90 percent occupied.

The park was built in several phases in 1970 and 1990, and is served by municipal sewer and water.