Friendly Village of Olympia
|Deal Type||Freddie Mac|
The transaction includes a $17,434,000 ($71,159/pad) non-recourse, first mortgage loan secured by an age-restricted (55+) manufactured housing community, Friendly Village of Olympia, located in Olympia, WA. Built in 1972, the property is comprised of 245 pads situated on a 42.3-acre land. The loan is structured with a 7-year term, with 3-year interest only period, followed by a 30-year amortization schedule.