UMH closes $91.8M Fannie Mae loan at 5.46%; communities appraised 98% above cost

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

for the issuance and sale of $300 million aggregate principal amount of its 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

On May 4, 2026, Lexicon Pharmaceuticals, Inc. (" Lexicon ") and its subsidiaries entered into a loan and security agreement with Hercules Capital, Inc. and certain of its affiliates (" Hercules ") that provides up to $100 million in borrowing capacity (the " Hercules Term Loans ") available in three tranches, each maturing in May 2030.

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

On May 4, 2026, the Company issued a Convertible Promissory Note (the “Note”) to Axiom Holdings Group LLC (the “Investor”) with an original principal amount of $2,222,222, reflecting gross proceeds of $2,000,000 and a ten percent (10%) original issue discount.

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

for all obligations under the Loan Agreement. Pursuant to the Loan Agreement, on May 5, 2026, the Borrowers issued to the Lender a promissory note (the “Note”) evidencing a $56.5 million secured term loan (the “Loan”), which matures on May 5, 2029, and may be extended at the Borrowers’ option for up to two additional 12-month periods, subject in each case to the

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

("PRA Group Holding"), Luxembourg, Zug Branch, (together, the "Borrowers"), entered into the Second Amended and Restated Credit Agreement (the "Second A&R European Credit Agreement") with the lenders party thereto ("EU Lenders") and DNB Bank ASA as facility agent and security agent (the "EU Agent"), amending and restating the Company’s existing €730 million European revolving credit facility entered into on November 23, 2022, as amended and restated on April 24, 2025 (the “Prior Credit Agreement”).

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”) in an aggregate amount of up to $125 million (“Delayed Draw Term Loans”), which has an availability period of six (6) months from the Effective Date and is subject to the satisfaction of certain conditions.

This filing

On November 25, 2025, UMH Properties, Inc. (the “Company”) closed on the addition of seven manufactured home communities containing 1,765 sites to its Fannie Mae credit facility through Wells Fargo Bank, N.A. (the “Lender”), receiving total loan proceeds of approximately $91.8 million.

Comparable filing

Purchase Agreement, the Company (i) issued and sold to the Purchasers, at the initial closing on May 4, 2026 (the “Initial Closing”), Notes in the aggregate principal amount of $6,300,000 (the “Initial Notes”) and warrants (the “Initial Warrants”) to purchase an aggregate of 3,917,099 shares of Common Stock (which is equal to 180% of the face value of the Initial