UMH Properties Adds $91.8 Million to Fannie Mae Credit Facility
UMH Properties Inc. has added seven manufactured home communities to its Fannie Mae credit facility, securing $91.8 million through Wells Fargo Bank. The interest-only loan has a fixed rate of 5.46% over a 9-year term. Funds will be used for acquisitions, expansions, rental homes, and debt repayment, aligning with UMH's strategy to enhance property value and affordable housing.
UMH Properties Inc. has announced the addition of seven manufactured home communities, totaling 1,765 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A. The transaction resulted in approximately $91.8 million in proceeds from an interest-only loan at a fixed rate of 5.46% with a 9-year term. The funds will be used for additional acquisitions, community expansions, rental homes, and to repay higher-interest short-term debt. This refinancing is part of UMH’s ongoing business strategy to increase property value and expand affordable housing offerings. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMH Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-025730), on December 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
