$25,200,000
Transaction Type
Acquisition
Loan Type
Portfolio Bridge Laon
Loan Term
3 Years + 2x1 Year Extensions

Highlights
Acquisition of a 3-property portfolio of branded RV parks in Meridian, ID, Pasco, WA, and Pendleton, OR, totaling 578 total sites.
The 3-properties operate under a national franchise agreement that leverages a national marketing and reservation platform.
Strong portfolio performance with consistent revenue and NOI growth exhibited over the last 3 years.
Business plan focused on optimizing revenue performance through strategic leasing initiatives, adding ancillary income opportunities, and targeting operational efficiencies.