UMH Properties Secures New Fannie Mae Mortgage For One Of Its Communities Containing 267 Sites, Through Wells Fargo Bank, For Total Proceeds Of ~$10.2M
UMH Properties, Inc. (NYSE:UMH) (TASE: UMH) today announced that on August 28, 2026 it secured a new Fannie Mae mortgage for one of its communities containing 267 sites, through Wells Fargo Bank, N.A., for total
UMH Properties borrowed about $10 million from a bank to help pay for one of its mobile home communities with 267 homes. When companies can borrow money easily, it usually means banks think the company is in decent shape and might be growing.
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