UMH Properties, Inc. announced on May 15, 2025, the successful addition of ten communities, comprising 2,001 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A. This transaction secured approximately $101.4 million in proceeds.
The loan features an interest-only structure at a fixed rate of 5.855% with a 10-year term. The proceeds are designated for reinvestment in additional acquisitions, community expansions, new rental homes, and the repayment of higher interest rate debt on a short-term basis.
A certified appraisal conducted as part of the refinancing process valued these ten communities at $163.5 million, or $82,000 per site, against UMH's total investment of $66.6 million. This demonstrates a value creation of $96.9 million, or 146% from the company's cost basis, validating the effectiveness of UMH's value-add business plan.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.