DMI Slide Deck, https://drive.google.com/open?id=1odS7JQVu3mHosPovqQJqZCCfevSGYAoK
DMI Slide Deck

Westgate Mobile Home Park

April 30, 2018

Alternative Asset

Westgate Village Homes is a 171-lot, mobile home subdivision located in Weslaco, TX, in the Rio Grande Valley, 8 miles north of the US/Mexico border.

Transaction

DMI recognized that the previous owner had been undercapitalized, hampered by accelerated loan amortization required by bank financiers, and had thus been unable to pursue development and marketing plans to sell off the last few lots of the village.

Having not been actively marketed during the previous several years, DMI undertook marketing efforts, utilizing the revised and updated Westage Village website and other avenues.

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