June 1, 2017 / 8:36 PM / 3 months ago

BRIEF-UMH Properties announces new mortgage loan

June 1 (Reuters) - Umh Properties Inc

* Umh properties, inc. Announces new mortgage loan

* Successfully completed refinancing of its highland estates community through wells fargo bank, for proceeds of $16.8 million

* This freddie mac mortgage loan has a 10-year maturity with principal repayments based on a 30-year amortization schedule

* Interest on this mortgage is at 4.12% Source text for Eikon: Further company coverage:

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