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| Green River Village, 4901 Green River Road, Corona, CA |
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| Zach Koucos |
SAN DIEGO, CA – HFF announced today that it has arranged
$31.08 million in financing for Green River Village, a 333-home site
manufactured home community in Corona, California.
HFF
worked on behalf of the borrower, Hometown America, to secure the 10-year,
fixed-rate loan through Union Bank, N.A.
Loan proceeds were used to pay off a maturing loan balance.
Green River Village is situated on a 41.1-acre site at
4901Green River Road adjacent to Riverside Freeway 91, just east of the Orange
and Riverside County line in Corona.
The all-ages community is 92 percent occupied with amenities
including a recently upgraded clubhouse, two swimming pools, indoor spa,
fitness room, picnic areas, playground, basketball court and RV storage.
The
HFF team representing the borrower was led by director Zach Koucos.
“The quality of this property and its accessible Southern
California location, combined with Hometown America’s premier sponsorship,
resulted in a competitive marketplace for the financing of Green River Village.
"It’s a sign that there is great depth to the lending pool for the manufactured
home community asset class,” said Koucos.
Founded in 1997 and based in Chicago, Illinois, Hometown
America is a privately-held real estate investor that owns and operates
manufactured housing communities across the country. Today, the company operates 43 communities in 10 states. www.hometownamerica.com.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel
617.543.4873 | www.hfflp.com
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