UMH Properties secures $10.2M Fannie Mae mortgage via Wells Fargo

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Go back to UMH Properties secures $10.2M Fannie Mae mortgage via Wells Fargo

UMH PROPERTIES, INC. SECURES NEW FANNIE MAE MORTGAGE

August 31, 2026 7:00 AM EDT

FREEHOLD, NJ, Aug. 31, 2026 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that on August 28, 2026 it secured a new Fannie Mae mortgage for one of its communities containing 267 sites, through Wells Fargo Bank, N.A., for total proceeds of approximately $10.2 million. This interest-only loan is at a fixed rate of 6.03% with a 10-year term. Earlier this year, we paid off the existing $2.8 million mortgage on this community, generating $7.4 million in additional proceeds. The proceeds will be... More