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| Hollywood Estates, Salem, OR |
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| Zach Koucos |
SAN DIEGO, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $65.7 million in combined
financing for 11 manufactured home communities totaling 1,605 home sites
located in California and Oregon since April 1, 2015.
Financing for the 11
properties closed in separate transactions between April 1 and July 15, 2015.
HFF executed the individual loans with a variety of capital sources including
Freddie Mac, Fannie Mae, life insurance companies, CMBS conduits and regional
banks.
All 11 loans feature 10-year fixed-rates,
30-year amortizations and are non-recourse.
The financing requests were widely marketed by the HFF team, and the
most optimal lender was selected for each property with respect to loan
proceeds, rate and terms.
The HFF debt placement
team representing the borrowers was led by director Zach Koucos and senior managing director Tim Wright.
“The capital marketplace
for manufactured home communities is extremely healthy. Demand for MHC’s on the part of lenders and
investors alike, particularly in coastal markets, is as strong as we have ever
seen. More people are taking note of the
merits of this asset class, and it has created significant competition,” Koucos
said.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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