UMH Properties secures $10.2M Fannie Mae interest-only mortgage at 6.03%
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UMH Properties secured a $10.2 million interest-only Fannie Mae mortgage at a fixed 6.03% rate for a 10-year term.
Key Highlights:
- Closed Aug 28, 2026 Fannie Mae mortgage via Wells Fargo for ~ $10.2M on a 267-site community.
- Loan is interest-only, fixed at 6.03% with a 10-year term, providing near-term cash flow flexibility.
- Earlier payoff of a $2.8M mortgage generated $7.4M additional proceeds now reflected in financing.
- Proceeds earmarked for acquisitions, expansions, rental homes and short-term repayment of higher-rate debt.
- Community occupancy rose from 69% at acquisition (2014) to 95% after renovations and rental home program.
Original SEC Filing: UMH PROPERTIES, INC. [ UMH ] - 8-K - Aug. 31, 2026
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