Mobile home residents buy park
EXETER, N.H. The residents of an Exeter mobile home park have purchased the land under their homes in the largest deal of its kind in New Hampshire.
The Exeter River Manufactured Housing Cooperative bought the Lindenshire Mobile Home Park last week for 15-point-six (M) million dollars. The 89-acre park is home to 392 households.
Chris Clasby with the New Hampshire Community Loan Fund said the sale gives residents security because they won't have to worry about the park being sold and will have control over their rents.
The loan fund provided the group with a a three (M) million dollar second mortgage.
___
Information from: New Hampshire Union Leader, http://www.unionleader.com
Custom Search
Mobilehome Resources / Sponsors
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment