Sun Communities gets new $90 million credit facility

By Sara Rosenberg

New York, Oct. 13 - Sun Communities Inc. closed on a new $90 million three-year unsecured line of credit, according to a company news release.

The facility carries an interest rate of Libor plus 175 basis points.

Sun Communities is a Southfield, Mich., real estate investment trust that owns and operates manufactured housing communities.

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