Maverick Secures $22,900,000 First Mortgage Loan for a New Construction MHC in Lake Charles, Louisiana
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Maverick Commercial Mortgage secured funding for a $22,900,000 first mortgage loan for the construction of Southern Pointe Estates, a new 344-site manufactured housing community in Lake Charles, LA. The project will be completed in three phases, and each phase has loan proceeds allocated towards land and infrastructure improvements as well as house purchases.