UMH Properties secures $10.2 million Fannie Mae mortgage via Wells Fargo at 6.03% fixed rate

Reuters2026/08/31 11:03

By:Reuters

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UMH Properties secured a new Fannie Mae mortgage via Wells Fargo on Aug. 28 for about $10.2 million.
Interest-only loan priced at a fixed 6.03% with a 10-year term.
Refinancing followed payoff of a $2.8 million mortgage, generating $7.4 million of incremental proceeds.
Proceeds earmarked for acquisitions, expansions, rental homes, and short-term repayment of higher-rate debt.
Loan is backed by a 267-site manufactured housing community.

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 GlobeNewswire (Ref. ID: 202608310700PRIMZONEFULLFEED9818229) on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UMH Properties secures $10.2 million Fannie Mae mortgage via Wells Fargo at 6.03% fixed rate

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