Mobile Home Park
Youngstown, OH

In May 2018, the Keel Team purchased a 80 lot mobile home park outside of Youngstown, Ohio.

660

Original Acquisition Price
May 7, 2018

375.17

Equity
Initial Cash Investment

Improvement
Summary

Through improvement initiatives such as: filling vacant pads, correcting maintenance procedures on utility infrastructure, removing run down homes, modest lot rent increases, repairing roads, installing new signage and fencing, hiring new management, and others, we were able to improve the park operations, increase NOI, and achieve a significant value increase. The financial results of these efforts are summarized below:

Debt

Collateral

Recourse for all equity partners.

Payout

Returns

No preferred return paid, all excess cash flow was reinvested.

Capital

Cash out refinancing event

On March 26th, 2020 the first refinancing event occurred.

1.384

Refinancing
Event

Investor Distributions

The partnership received $1,384,247.41 from the refinance event. The new debt is non-recourse.

Capital
Summary

Timeframe

ROI

*And the LP investors stay in the deal after the refinance for infinite returns.

Future Potential ROI Opportunities

Infinite Returns

Infinite returns since all of the original equity investment has been returned, yet we still own the mobile home park property.

Refinance

Additional earn out loan available 12 months after refi (possible additional future return per refi loan).

Savings

Forced savings of approximately $600,000 due to the equity remaining in the property after the March 2020 refinancing even.

*Based on refinance appraisal values.

Appreciation

Additional potential equity appreciation as the mobile home park continues to increase in value.

Interested in learning more?

Get in touch with us today to learn more about mobile home park investing! 

LEGAL DISCLOSURE: All investment offerings have a high degree of risk. Results may vary. Past performance is not a guarantee of future success.

Keel Team provides unique opportunities for passive investors to enter the mobile home park asset class without having to deal with the headaches of tenants, toilets or trash.

DISCLAIMER:

Contacting us does not entitle you to purchase, or to participate in any current or future offering of, securities by us and/or our affiliates. We are not offering to sell you securities by providing you with an opportunity to contact us. All of our and our affiliates’ securities offerings are done through private placements, and participation in those offerings is restricted to persons with whom we have a prior, established business relationship and who meet applicable investor standards.

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