Mobile Home Park
Chicago, IL - MSA

In December 2017, the Keel Team and investment partners purchased a 112 lot mobile home park in Indiana near Chicago, IL.

1.1

Original Acquisition Price
December 15, 2017

525

Equity
Initial Cash Investment

150

Capital Call
On Month 23 Of Ownership

Improvement
Summary

Through improvement initiatives such as: filling vacant pads, removing run down homes, converting utility payment from park paid to tenant paid, modest lot rent increases, 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 debt for both partners.

Payout

Cash flow distribution

The first cash flow distribution was $98,500.

Capital

Cash out refinancing event

On March 25th, 2020 the first refinancing event occurred.

894

Refinancing
Event

Investor Distributions

Investors received $894,355.67 from the refinancing event.

Preferred Distributions
Paid Monthly

98.5

Total
Payout

Preferred Distributions

The partnership received $98,500.00 from the preferred distributions. The new debt is recourse.

Capital
Summary

Timeframe

ROI

*Based on refinance appraisal values.

Future Potential ROI Opportunities

Infinite Returns

Infinite returns since all of the original equity investment has been returned, yet we still own the MHP.

Savings

Forced savings of approximately $440,000 due to the equity remaining in the property after the March 2020 refinancing event.

*Based on refinance appraisal values.

Appreciation

Additional potential equity appreciation as the MHP 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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