Friday, July 28, 2017

HFF secures $12 million refinancing for RV park in Oceanside, CA

Zach Koucos
SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $12 million refinancing for Oceanside RV Park, a 138-space coastal asset in the northern San Diego County beach community of Oceanside, California.

Working on behalf of the borrower, Pacific Current Partners, HFF placed the interest-only, floating-rate loan through Prime Finance.

Oceanside RV Park is located at 1510 South Coast Highway steps from the beach and proximate to Interstate 5 and Routes 76 and 78, providing access to nearby cities in Southern California.

 The coastal resort community is situated on two parcels totaling 7.37 acres along the famed Pacific Coast Highway. Amenities include a clubhouse, swimming pool, spa, showers, pet area, laundry room, free WiFi, extensive landscaping and full hook-ups for all RV spaces.

The HFF debt placement team representing the borrower was led by senior director Zach Koucos and director Chris Collins.

“This was a unique assignment where we had to cover a wide array of capital providers to source the most optimal financing,” Koucos said.  “The team at Pacific Current Partners are true experts in the mobile home/RV industry, and have added tremendous value to this asset.”

Thom Niederkofler of Pacific Current Partners added, “What’s great about this loan is that it allows us to continue reinvesting in the park to improve the amenities and experience for our valued guests, while providing a healthy distribution to investors.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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