UMH Properties Refinances 267-Site Community With $10.2 Million Fannie Mae Loan
UMH Properties secured a $10.2 million Fannie Mae loan through Wells Fargo on August 28, 2026, for one of its 267-site communities.
Key facts
- UMH Properties secured a new Fannie Mae mortgage through Wells Fargo Bank, N.A. on August 28, 2026, for a community with 267 sites.
- The interest-only loan has a fixed rate of 6.03%, a 10-year term and total proceeds of approximately $10.2 million.
- UMH said it paid off the community's existing $2.8 million mortgage, producing $7.4 million in additional proceeds.
- According to CEO Samuel A. Landy, occupancy rose from 69% at the 2014 acquisition to 95%.
- UMH owns and operates 145 manufactured home communities with approximately 27,100 developed home-sites.
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Read the original at Yahoo Finance (opens in a new tab)
Source: UMH PROPERTIES, INC. SECURES NEW FANNIE MAE MORTGAGE — Yahoo Finance, August 31, 2026. Summary and commentary by RISE Community; read the full story at the source.
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