February 8, 2006
Wells Fargo Commercial Mortgage Arranges Simultaneous Refinance and Acquisition Loans for Adjacent Mobile Home Parks in Tucson, Arizona.
Tony Petosa and Nick Bertino of Wells Fargo Commercial Mortgage arranged the closing of a $4,500,000 loan that simultaneously facilitated the refinance of Cielo Vista Mobile Home Park and the purchase of Desert Palms Mobile Home Park in Tucson, Arizona. Cielo Vista consists of 114 spaces and Desert Palms consists of 71 spaces. Both properties are all-age communities located adjacent to one another and the owner will combine operations under the Cielo Vista name. Amenities include a clubhouse, swimming pool, laundry facilities, and RV storage. Continue reading