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AUSTIN-A manufactured home project has received a $3.4-million construction loan for Weir Hills Ltd. The company plans to develop 180 manufactured home sites in southwest Austin.

Prudential Huntoon Paige, the FHA-lending arm of Prudential Mortgage Capital Co., provided the capital for the 40-year loan with 7.3% interest rate. Jeff Jones of Prudential originated the loan. The Consultant’s Resource Group arranged the financing package.

Weir Hills Ltd.’s Trails of Oak Hill MHC will sit on 57 acres at 8102 Old Bee Caves Rd. near its intersection with Weir Hills Road. The spot is near Texas 71 in the community of Oak Hill.

More than 2,800 manufactured homes were sold in the Austin area in 2000, the latest year for which figures are available. That was about 25% of the total new home sales for the area. The 2000 figures were up from 1998 and 1999, when just over 2,400 manufactured homes were sold.

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