sunset-village

SUNSET VILLAGE MANUFACTURED HOUSING COMMUNITY

Manufactured Housing Community Note Purchase | Northfield, IL

Wolcott purchased the defaulted first mortgage loan secured by a 350-pad manufactured housing community and acquired title to the property. The property was 40% occupied with a crumbling infrastructure. Together with our operating partner, Ravinia Communities, we executed a $15 million infrastructure improvement plan to remediate environmental issues; replaced the water lines; tied into municipal water, sewer, storm, and waste; and, replaced the roads throughout the community. Ravinia brought in approximately 200 new homes. The community is 98% occupied. We have acquired multiple additional manufactured housing communities with Ravinia over the years.

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Refreshed Street
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Updated Landscaping
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Ariel View
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