NEW ON MARKET-9/10/2011- 3 MHP Portfolio, 326 lots in Norman & El Reno, OK, all are OKC area parks. $4,625,000, $11,000/pad, plus $1,023,000 for 79 homes (37 are rent-to-own and 37 are rentals) & 19 park owned RVS that rent for $425. 16.17%/24.38%% cash return, 12.8%/15.4% cap, 4.17x/3.76x COLLECTED income, $230/240-MH, $325/425-RV rents. Sale includes $119,665/yr. in NOTE income. Assume $3,042,000 (70% LTV) in 3 seperate bank loans on each park with 3 different lenders, all 30 yr ams, interest rates from 6.75-7.28%, due in 6 1/2 to 26 1/2 years, 89% avg.occupancy, El Reno parks are 1/2 mile apart and are operated by one manager out of El Reno, city water/sewer, Sunnylane in Norman has lagoon/well. 86 RV tenants (26%), a total All this, in the #1 economy in the US, most recesion-proof city (Forbes), 6% unemployment, #1 business start up and entrepeneurial city in US, top 5 fastest growing cities in US, most affordable city. New NBA team, Devon Tower, $750,000,000, 2,500,000', under construction, was the only skyscraper to be started in the US in 2009.