UMH Properties secured a new $10.2 million Fannie Mae mortgage on August 28, 2026, for a manufactured home community with 267 sites in Freehold, New Jersey. The loan carries a fixed interest rate of 6.03% and has a 10-year term. Proceeds will fund acquisitions, expansions, rental homes, and repay higher-interest debt. This follows the earlier repayment of a $2.8 million mortgage on the same property. UMH Properties is an equity REIT that owns and operates manufactured home communities.
