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| 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 | hfflp.com
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