Zeman Homes Secures $170 Million in Financing from Berkadia for 15 of Its Manufactured Housing Communities
Summary
“Berkadia’s strong relationship with Fannie Mae and our extensive experience with manufactured housing communities allowed us to fund a highly flexible loan at very competitive terms,” said Ryan Nelson, Managing Director at Berkadia.“We are big fans of Zeman Homes and are thrilled to expand our relationship with this financing.” The Fannie Mae loan includes multiple tranches of fixed and floating rate debt with maturities from 7-12 years.Deal highlights include Caribbean Park, MHC located in Naples, Florida, which Zeman acquired on June 1 as part of its strategic plan to expand into the sunbelt.Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.“We are big fans of Zeman Homes and are thrilled to expand our relationship with this financing.”The Fannie Mae loan includes multiple tranches of fixed and floating rate debt with maturities from 7-12 years.