Saturday, August 15, 2015

HFF arranges financing totaling $65.7 million for 11 manufactured home communities in California and Oregon


Hollywood Estates, Salem, OR


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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