Blackstone to Boost Mobile-Home Bet With $550 Million Deal

Written by Florida Condotel Mortrgage on September 22, 2020. Posted in Florida Condotel Mortgage.

Mobile-home parks have held strong during the pandemic, and Blackstone appears to be buying a number of Fla. parks owned by Summit Communities for about $550M. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM and fixed rate first mortgage on a Florida condotel, secondary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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