Description:
Elkhorn Meadows was placed into service in 2009, and is comprised of 23-1 Bedroom, 49-2 Bedroom, and 24-3 bedroom units. The units are income restricted to households earning no more than 40-60% of the Natrona County area median income. Community amenities include a fitness center, dog run, playground, grill and picnic areas, bike storage and carport parking.
MPC Strategy:
McKee Private Capital purchased Elkhorn Meadows in November 2024. MPC raised equity from eleven private investors with debt financing provided by Greystone Servicing Company. Ten years of interest only payments were negotiated helping bolster strong returns over the term of investment.
This investment was purchased at a significant discount to replacement cost, which will be the primary driver of investor returns over the ten year term. Fixed rate, interest only debt payments will provide a solid foundation as we look to improve operations.
