Property Description
Lender Short Sale - Offers Needed & Due Wednesday, May 26th and buyer will be selected; Current Lender will offer a qualified buyer financing as follows: $3mm loan amount, 6% interest rate, 5 year term, recourse. The Lender is also willing to provide a $1mm line of credit for the buyer to acquire homes (at a 60-70% LTV) to put in the property; Built in 2001; Tenants directly billed for gas, electric, and cable; Community contains private on-site waste-water treatment plant and city water (sub-metered); Amenities include a resort style clubhouse, lending library, well maintained fitness center, sparkling swimming pool with a sundeck, and playground; 2004 MHI Community of the Year;
INVESTMENT HIGHLIGHTS
� 5-star community built in 2001
Lender may consider a loan modification for a
buyer
A 101.5 acre , all age community with vacancy
upside and opportunity for future growth (up to
approximately 600 sites)
52 of the pads sold as site condominiums and are
paying HOA fees
Tenants direct billed for gas, electric, and cable
Community contains private on-site waste-water
treatment plant and city water (sub-metered)
Low density, in-fi ll location with all sites able to
accommodate multi-section homes
Amenities include a resort style clubhouse, lending
library, well maintained fi tness center, sparkling
swimming pool with a sundeck, and playground
The Orchards won the 2004 MHI Community of
the Year, and was honored for its excellence
