Lake Bryant MH & RV Park – Ocklawaha, FL

June 11, 2007 - Union Capital Investments, LLC provided permanent financing in the amount of $1,750,000 for the refinance of Lake Bryant MH & RV Park. The loan is for a ten year term with a 25 year amortization period. The 7.57% fixed rate loan is based on a 59% loan-to-value with debt service coverage of 1.25. The Borrower acquired the park in 2002 and invested over $200,000 in capital improvements.

Lake Bryant MH & RV Park is a 195-space MH and RV Park on 43.5 acres in Ocklawaha, Florida. The park is located on Lake Bryant, offering excellent fishing, swimming and boat slips, and over half of the residents live there year round. Lake Bryant offers extensive amenities including a clubhouse, exercise facility, laundry facility, bathhouse, and many planned activities. The park is located in a strong MHC market with 2,722 manufactured homes within five miles of the subject.