Parkbridge Capital Group, LLC manager Lee Meekcoms, whose name is already well established in the real estate industry, led the closing of a $12,000,000 transaction between a private investor from Florida and Paradise Park in the McAllen-Pharr area of the Rio Grande Valley of Texas. Clearwater FL based Parkbridge specializes in real estate sales and investments focusing on mobile homes, manufactured homes and RV resorts.

The transaction included the acquisition and a loan to enhance cash flow. Meekcoms revealed “This investment for the Paradise Park was a significant opportunity,” the group is already planning the future. ABC10  and PR Web   tell MHProNews, Parkbridge is actively seeking more such Manufactured Home (MH) Communities in markets all over the Sunbelt.

Reasons for the excitement around investing in MH Communities revolve around the rising value of such properties, as demand for quality affordable living is growing.

Resorts like Paradise Park which offer a luxurious environment at affordable rates are growing in appeal to retirees seeking for alternative ways of living. The Texas location, with all sorts of features, resembles a private club with clubhouse, pool and spa, billiards tables, gym and more.

Targeting the baby boomers market for MH seems to have a bright future in the Sunbelt. The warming sun and affordable living are a desirable combination for seniors looking to relocate. Closings like this, or the recent $1.32 billion dollar SUN-American Land Lease deal, confirm there are opportunities for investors looking to maximize cash-flow in the MHC segment of the commercial real estate space. ##

(Image Credit: Parkbridge Capital Logo)

(Daily Business News article submitted by Lucine Colignon)