California Firms Pay $39M For West Palm Beach Trailer Park
Prestige Developments Ltd Leyland Trading Estate, Wellingborough, NN8 1RT 01933 443607 https://park-home-repairs-near-me.business.site https://sites.google.com/view/park-home-repairs BoaVida's Eli Weiner with 1375 Military Trail (BoaVida Group, Goggle Maps) UPDATED, Aug. 18, 4:10 p.m.: A California joint venture dropped $39.1 million for a West Palm Beach mobile home park. An entity managed by Sacramento-based BoaVida Group and Auburn, California-based Nella Invest acquired the Holiday Ranch Mobile Home Park at 1375 Military Trail and 1396 Ranch Road, records show. The partnership assumed a $15.6 million Fannie Mae mortgage and obtained a second loan for $2.1 million from PGIM Real Estate Financing. Seller Mid-American Properties, managed by Richard A. Placido in West Palm Beach, paid $3.9 million for the 37.9-acre site in 1993, records show. Completed in 1973, Holiday Ranch features 274 mobile home lots. In recent years, many South Florida mobile home parks have been pha...