BOSTON – January 16, 2017 – Berkadia today announced the $15.37 million financing of Paradise Pointe Park Model RV Resort, located in Naples, Florida. Senior Managing Director Ryan Nelson and Director Anthony Golebiewski of the Boston office secured the financing through Fannie Mae for the buyer, Zeman Homes.
The 10-year acquisition loan features a 3.74 percent fixed interest rate and an interest-only period followed by a 30-year amortization schedule.
“Financing Park Model RV communities came with unique nuances that required an experienced borrower and lender.” Nelson said. “The high quality of the property and the strong relationship between Zeman, Berkadia and Fannie Mae were critical to funding this loan on time and at very competitive terms. Zeman Homes is a best-in-class-owner and we are thrilled to expand our relationship with this financing.”
Paradise Pointe Park Model RV Resort is a retirement-oriented community consisting of 383 home sites situated on 56 acres. The property features amenities including a swimming pool, a jacuzzi, a tennis court, a clubhouse and laundry facilities. Its location in Naples places the property in one of the strongest retirement markets in the United States.