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Mobile Home Park Home Owners Allegiance

Mon, Jun 25, 2018 – Capital One provided a $19.1 mil Fannie Mae flexible-rate loan to refinance Starlight Mobile Home Park, a 162-unit manufactured housing community (MHC) in El Cajon, CA, a city 17 miles east of downtown San Diego.

Starlight was originally developed in 1963 and has a clubhouse, pool, spa, and central laundry. No additional communities are anticipated in the general area due to zoning restrictions, land costs, and difficulty in obtaining construction financing.

The sponsor, Kort & Scott Financial Group, is the 13th largest owner and operator of MHCs in the country. Since its founding in 1989, the company has acquired over 9,500 MHC units and currently manages a portfolio of properties in Arizona, California, Colorado, and New Mexico. Capital One’s Chad Thomas Hagwood originated the transaction.

The 10-year structured adjustable rate mortgage has five years of interest-only payments, followed by amortization on a 30-year schedule.


Mobile Home Park Refinanced

Using basic calculations, we can roughly estimate what a long-term lease may be worth (average) in Starlight Mobile Home Park. We'll use a 90% occupancy rate and divide the numbers by 146 of 162 spaces.

(+) Loan Amount: $19,100,000.00
(-) Assessed Value: $15,717,085.00
(=) Difference: $3,382,915.00
(÷) Occupied Spaces: 146
(=) Per Lease: $23,171.00

Tue, Apr 3, 2018 – Capital One has provided the Kort and Scott Financial Group with a $48.8 million Fannie Mae structured adjustable-rate loan for Lincoln Center Mobile Home Park, a 305-unit manufactured housing community in Cypress, California.

‘Thanks to our close working relationship with Kort & Scott and Fannie Mae, we were able to structure and close an exact fit for the borrower’s needs’, Chad Thomas Hagwood, Capital One Multifamily Finance’s senior vice president of its Southeast region, said. ‘The sponsor is using the proceeds to pay off their existing loan and secure funds to further enhance this already great community.’

The development was 92 percent occupied at the time of the loan.

The Kort and Scott Financial Group is currently the 13th-largest owner/operators of MHCs in the U.S., with 38 communities in its portfolio, representing 8,600 MHC sites in California, Colorado and Arizona.


Mobile Home Park Refinanced

Using basic calculations, we can roughly estimate what a long-term lease may be worth (average) in Lincoln Center Mobile Home Park. We'll use a 90% occupancy rate and divide the numbers by 275 of 305 spaces.

(+) Loan Amount: $48,800,000.00
(-) Assessed Value: $23,308,579.00
(=) Difference: $25,491,421.00
(÷) Occupied Spaces: 275
(=) Per Lease: $92,696.00

Thu, Jan 11, 2018 – Kort & Scott Financial Group has landed a $30 mil Fannie Mae adjustable-rate loan for the acquisition of a leasehold interest in Crestmont Mobile Estates, a 289-space manufactured housing community (MHC) located 33 miles southeast of Los Angeles in Brea.

Crestmont Estates is fully occupied and was originally developed in 1970 as a 263-space community. Subsequent construction in 2007 added 26 spaces. The community has a pool, clubhouse with recreation room, and central laundry.

Kort & Scott Financial Group is the 13th largest owner and operator of MHCs in the country. Based in Southern California, Kort & Scott has acquired over 9,500 MHC properties to date and currently manages a portfolio spanning California, Colorado, Arizona, and New Mexico.

Capital One’s Chad Thomas Hagwood originated the loan and Brandon Pate, also with Capital One, managed the transaction. The 10-year, adjustable-rate loan has six years of interest-only payments followed by amortization on a 30-year schedule.


Mobile Home Park Leasehold Purchase

(+) Loan Amount: $30,000,000.00
(-) Assessed Value: $62,500,000.00
(=) Difference: -$32,500,000.00

$25.6MM Fannie Mae Loan – Purchase Woodley Sara Apartments

Jun 2017 – Capital One provided a $25.6 million Fannie Mae flexible-rate loan for the acquisition of Woodley Apartments, a 126-unit apartment community in Van Nuys, California. The sponsor, the Kort and Scott Financial Group, is the 13th largest owner and operator of manufactured housing communities (MHCs) in the country. This is the group’s 37th transaction with Capital One. Senior Vice President Chad Thomas Hagwood originated the transaction.

The 10-year flexible-rate loan has six years of interest-only payments followed by amortization on a 30-year schedule.


Apartments Purchased

  • Woodley Sara Apartments
    7121 Woodley Avenue, Van Nuys, California 91406

$15.4MM Fannie Mae Loan – Refinance Thunderbird Mobile Home Park

Tue, Apr 25, 2017 – Capital One announced today that it has provided $76.7 million in Fannie Mae loans for Kort & Scott Financial Group, one of the largest and most successful private manufactured housing (MHC) owner-operators in the country. The loans, all for California properties, allowed Kort & Scott to refinance an MHC community in Garden Grove, to acquire an apartment community in Norwalk, and to refinance an apartment community in Van Nuys.

A $15.4 million Fannie Mae structured adjustable rate loan to refinance Thunderbird Mobile Home Park, a 103-space manufactured housing community (MHC) in Garden Grove, California. The 10-year adjustable rate loan has five years of interest-only payments, followed by amortization on a 30-year schedule. There is a 12-month lockout period with 1 percent exit fee thereafter until 90 days from maturity.


Mobile Home Park Refinanced

Using basic calculations, we can roughly estimate what a long-term lease may be worth (average) in Thunderbird Mobile Home Park. We'll use a 90% occupancy rate and divide the numbers by 93 of 103 spaces.

(+) Loan Amount: $15,400,000.00
(-) Assessed Value: $7,432,079.00
(=) Difference: $7,967,921.00
(÷) Occupied Spaces: 93
(=) Per Lease: $85,677.00

$42.6MM Fannie Mae Loan – Purchase MetroPointe Apartments

Tue, Apr 25, 2017 – Capital One announced today that it has provided $76.7 million in Fannie Mae loans for Kort & Scott Financial Group, one of the largest and most successful private manufactured housing (MHC) owner-operators in the country. The loans, all for California properties, allowed Kort & Scott to refinance an MHC community in Garden Grove, to acquire an apartment community in Norwalk, and to refinance an apartment community in Van Nuys.

A $42.6 million Fannie Mae structured adjustable rate loan for the acquisition of IMT MetroPointe, a 249-unit apartment community in Norwalk, California. The 10-year flexible-rate loan has five years of interest-only payments followed by amortization on a 30-year schedule. Capital One financed this transaction under Fannie Mae’s Green Rewards Mortgage Loan program. Kort & Scott plans to implement a variety of energy- and water-efficiency measures, including xeriscaping, low-flow aerators, and programmable thermostats to achieve at least a 20 percent reduction in annual energy and water consumption. The benefits of the program include a lower interest rate, up to 5 percent in additional loan proceeds, and improved net cash flow through underwriting of a portion of the projected energy savings.


Apartments Purchased

  • MetroPointe Apartments
    11615 Firestone Boulevard, Norwalk, California 90650

$18.7MM Fannie Mae Loan – Refinance Sepulveda Apartments

Tue, Apr 25, 2017 – Capital One announced today that it has provided $76.7 million in Fannie Mae loans for Kort & Scott Financial Group, one of the largest and most successful private manufactured housing (MHC) owner-operators in the country. The loans, all for California properties, allowed Kort & Scott to refinance an MHC community in Garden Grove, to acquire an apartment community in Norwalk, and to refinance an apartment community in Van Nuys.

An $18.7 million Fannie Mae structured adjustable rate loan to refinance Sepulveda Apartments, a 98-unit apartment community in Van Nuys, California. The 10-year flexible-rate loan has five years of interest-only payments followed by amortization on a 30-year schedule.


Apartments Refinanced

  • Sepulveda Apartment Homes
    6940 Sepulveda Boulevard, Van Nuys, California 91405

$6.2MM Fannie Mae Loan – Refinance Briarwood Mobile Home Park

Tue, Jan 3, 2017 – Capital One announced today that it provided a $6.2 million Fannie Mae Structured Adjustable Rate mortgage to refinance Briarwood Mobile Home Community, a 105-unit manufactured housing community (MHC) in Sacramento, California. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily Finance’s Southeast region out of the Birmingham, Alabama office.

The sponsor, Kort & Scott Financial Group, bought the property for cash in October 2016 and will use the loan to return a portion of the proceeds used for the acquisition. This is the 27th transaction Kort & Scott Financial Group, has completed with Hagwood’s team at Capital One.

The ten-year adjustable rate loan has five years of interest-only payments, followed by amortization on a 30-year schedule. There is a 12-month lockout period with one percent exit fee thereafter until 90 ninety days from maturity.

Based in Southern California, Kort & Scott owns and operates MHCs in the Western United States, primarily in Arizona, California, Colorado, and New Mexico. Since 1989, the company has acquired over 9,500 mobile homes spaces.


Mobile Home Park Refinanced

$15.8MM Fannie Mae Loan – Refinance Rio Vista Mobile Estates

Tue, Oct 11, 2016 – Capital One announced that it has provided a $15.8 million Fannie Mae structured adjustable rate loan to refinance Rio Vista Mobile Estates, an all-age, 200-space manufactured housing community (MHC) in Anaheim, California. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily Finance’s Southeast region out of the Birmingham, Alabama, office.

The 10-year loan is being amortized on a 25-year schedule. The borrower, Anaheim Associates, L.P., will use the proceeds to retire higher-rate Fannie Mae debt, cash out equity, and finance improvements to the property as dictated by its ground lease.


Mobile Home Park Refinanced

Using basic calculations, we can roughly estimate what a long-term lease may be worth (average) in Rio Vista Mobile Estates. We'll use a 90% occupancy rate and divide the numbers by 171 of 190 spaces.

(+) Loan Amount: $15,800,000.00
(-) Assessed Value: $8,623,659.00
(=) Difference: $7,176,341.00
(÷) Occupied Spaces: 171
(=) Per Lease: $41,967.00

$60.8MM Fannie Mae Loans – Refinance 4 Mobile Home Parks

Tue, Jun 28, 2016 – Capital One announced it has provided Fannie Mae structured adjustable-rate (SARM) loans totaling $60.8 million to refinance four manufactured housing communities (MHCs) in California. Senior Vice President Chad Thomas Hagwood originated the transaction and Brandon Pate of Hagwood’s team managed the deal. Hagwood leads Capital One Multifamily Finance’s Southeast region out of the Birmingham, Alabama, office, and is one of the most experienced MHC originators in the industry.

The ten-year SARM loans have a three-year interest-only period followed by amortization on a 30-year schedule.

The borrower, the Kort & Scott Financial Group, has an 18-plus year relationship with Hagwood and has completed multiple transactions with Capital One. Based in Anaheim, CA, Kort & Scott specializes in buying and managing MHCs across the United States, acquiring over 9,500 mobile home spaces since 1989. The company is using the proceeds from this transaction to retire existing debt and maintain and upgrade the properties.

Capital One provided a $23.5 million loan for Blue Star Mobile Home Community, a 186-space community in Sylmar; an $11.2 million loan for Lamplighter Mobile Home Community, a 173-space community in North Highlands; a $10.3 million loan for Reseda Mobile Home Community, a 108-space community in Reseda; and a $16.0 million loan for Vista Diablo Mobile Home Community, a 150-space community in Antioch.

All four MHCs were built in the 1960s and 1970s and have been well maintained. They have high occupancy rates, with Reseda reaching 100 percent. The Reseda and Vista Diablo MHCs are 55+ communities, and Vista Diablo operates under a Home Rent Subsidy Agreement with the Antioch Development Agency.


Mobile Home Parks Refinanced

  1. Blue Star Mobile Home Park
    12401 Filmore Street, Sylmar, California 91342
  2. Lamplighter Sacramento Mobile Home Park
    5040 Jackson Street, North Highlands, California 95660
  3. Reseda Mobile Homes
    6545 Wilbur Avenue, Reseda, California 91335
  4. Vista Diablo Mobile Estates
    2901 Somersville Road, Antioch, California 94509

$3.27MM Fannie Mae Loan – Purchase Sierra Mobile Home Park

Tue, Jan 5, 2016 – Capital One announced today that it has provided a $3.27 million Fannie Mae adjustable-rate loan for the acquisition of Sierra Mobile Home Park, a seniors-only manufactured housing community (MHC) in Santa Clarita, California, northeast of Los Angeles. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily's Southeast offices out of Birmingham, Alabama.

The borrower aims to increase its NOI at Sierra by increasing occupancy and adjusting rates to market levels. Built in 1956, Sierra Mobile Home Park had been held by the same owner for 50 years and is in good condition. Community amenities include a clubhouse, pool and laundry room.

The seven-year adjustable-rate loan has a three-year interest-only period followed by amortization on a 30-year schedule.


Mobile Home Park Purchased

Mon, Dec 28, 2015 – Capital One announced it has provided an $11.719 million Freddie Mac adjustable-rate loan to refinance Starlight Mobile Home Park, a 162-space, seniors-only manufactured housing community (MHC) in El Cajon, California, in San Diego County. Senior Vice President Chad Thomas Hagwood originated the transaction.

The borrower purchased the park in May, 2015. Starlight has a clubhouse, pool, spa, and community laundry, and almost two-thirds of the homes are owned by the park. “We structured the deal with two years’ interest only,” Hagwood said. “This will give the borrower the chance to put the park on more solid footing.” The El Cajon submarket is performing well, with vacancy rates projected to average 1.8 percent through 2019.

Note: The above referenced “borrower” is a Kort & Scott Financial Group (KSFG) named business entity. There are three named business entities associated with Starlight Mobile Home Park. DBA: Davis Group Exchange LLC, Starlight Exchange LLC, Starlight MHP LLC


Mobile Home Park Refinanced

Tue, May 12, 2015 – The 162 space Starlight Mobile Home Park at 351 East Bradley Avenue, El Cajon, California 92021, has been sold for $17,981,000, cash. The buyers are Davis Group Exchange LLC (52.7%), Starlight MHP LLC (34.5%) and Starlight Exchange LLC (12.8 %), 320 North Park Vista Street, Anaheim, California 92806.


Mobile Home Park Purchased

$3.1MM Freddie Mac Loan – Refinance Country Club Village

Mon, Dec 7, 2015 – Capital One announced today that it has provided a $3.1 million Freddie Mac adjustable-rate loan to refinance Country Club Village, a 492-space manufactured housing community (MHC) in Mesa, Arizona. Senior Vice President Chad Thomas Hagwood originated the transaction. Hagwood leads Capital One Multifamily's Birmingham, Alabama, office.

The borrower has owned the Country Club Village since 1995. It is using proceeds from the loan to retire existing debt, make renovations, and purchase additional properties.

We have a strong relationship with the borrowers, and we knew we had to bring them a solution that fit their specific needs, Hagwood said. We were able to work with Freddie Mac to structure a loan that fit the circumstances of this community.

Amenities at Country Club Village include a clubhouse with a banquet hall, community kitchen, two outdoor pools, and two playgrounds. It is within easy driving distance of Mesa Riverview Mall.

The 10-year adjustable-rate loan has a one-year lockout and a 10-year amortization schedule.


Mobile Home Park Refinanced

$158.0MM Fannie Mae Loans – Refinance 8 Mobile Home Parks

Fri, Dec 6, 2013 – Beech Street Capital, a mortgage banking company headquartered in Bethesda, Md., just closed a refinancing deal on seven Fannie Mae loans totaling $158 million.

Chad Thomas Hagwood, Beech Street’s executive vice president of originations, said, The refinance has enabled Beech Street to provide affordable housing in relatively high-cost markets.

The refinanced communities are in California and New Mexico, and include: Arrowhead Mobile Home Park (Glendora), Continental Mobile Home Community (Santa Ana), Hollydale Mobile Home Estates (Brea), Knolls Lodge and Knolls Manor Mobile Home Communities (Torrance), Lincoln Center Mobile Home Community (Cypress), Mobile Aire Estates (Covina) and Riverside de Santa Fe Mobile Home Community (Santa Fe).

No significant renovations are planned, but there will be some capital going back into the properties for small enhancements, nothing major, said Hagwood. What makes these properties so attractive to Beech Street Capital, he said, are long-term ownership and stable operations in good locations.

The seven-year, fixed-rate loans have a 10-year term, three years of interest-only payments, 9 1/2 years of yield maintenance and 30 years of amortization, payable on an actual/360 basis.


Mobile Home Parks Refinanced

  1. Arrowhead Mobile Home Park
    201 East Arrow Highway, Glendora, California 91740
  2. Continental Manufactured Home Community
    2804 West First Street, Santa Ana, California 92703
  3. Hollydale Mobile Home Park
    5700 Carbon Canyon Road, Brea, California 92823
  4. Knolls Lodge Mobile Home Park
    23701 South Western Avenue, Torrance, California 90501
  5. Knolls Manor
    24200 Walnut Street, Torrance, California 90501
  6. Lincoln Center Mobile Home Park
    9080 Bloomfield Avenue, Cypress, California 90630
  7. Mobilaire Estates Mobile Home Park
    716 North Grand Avenue, Covina, California 91724
  8. Riverside De Santa Fe
    7460 Riverside Loop, Santa Fe, New Mexico 87507

$30.0MM Fannie Mae Loan – Refinance Cottonwood Village

Tue, May 14, 2013 – Beech Street Capital, LLC, announced today that it closed a $30 million Fannie Mae DUS loan to refinance Cottonwood Village, a 463‐pad manufactured housing community in Santa Fe, New Mexico. Proceeds from the loan allowed the borrower, Cottonwood MS, LLC, to retire two existing Fannie Mae loans on the property and return a portion of the equity. Chad Thomas Hagwood, executive vice president of loan originations for Beech Street, originated the loan, and Brandon E. Pate managed the transaction.

Beech Street’s challenge was to rate lock and close quickly so the borrower could benefit from ongoing interest‐rate compression in the Treasury markets. “Once we received loan committee approval, we went from rate lock to close in a matter of just three business days,” Hagwood says. Beech Street was also able to structure the loan to afford the borrower maximum cash out. It was granted an approval to use a 30‐year amortization schedule, rather than the 25‐year schedule normally used for all‐age communities. “Our speed of execution was aided by the close working relationship we’ve developed with the borrower and the quality of the property,” Hagwood notes. This was the third loan Beech Street closed for the borrower in the last 18 months.

Cottonwood Village has been well maintained and features a clubhouse/leasing office with a community room, an in-ground pool and heated spa, playground area, fitness center, and basketball/tennis courts.

The fixed-rate loan has a 10-year term and 9.5 years of yield maintenance with 30 years of amortization, payable on an actual/360 basis.


Mobile Home Park Refinanced

Fri, Jun 3, 2005 – While working with GMAC Commercial Mortgage Corporation, Chad Thomas Hagwood arranged for a $94.7MM Fannie Mae loan for Kort & Scott Financial Group in 2005 for a portfolio of six manufactured home communities in California and New Mexico.


Mobile Home Parks Refinanced/Purchased

  1. Continental Manufactured Home Community
    2804 West First Street, Santa Ana, California 92703
  2. Cottonwood Village Mobile Home Park
    6441 Cypress, Santa Fe, New Mexico 87507
  3. Hollydale Mobile Home Park
    5700 Carbon Canyon Road, Brea, California 92823
  4. Knolls Lodge Mobile Home Park
    23701 South Western Avenue, Torrance, California 90501
  5. Knolls Manor
    24200 Walnut Street, Torrance, California 90501
  6. Riverside De Santa Fe
    7460 Riverside Loop, Santa Fe, New Mexico 87507

Thu, Oct 9, 2003 – GMAC Commercial Mortgage Corp. has provided $14 million of Fannie Mae financing for the purchase of the Cottonwood Village mobile home park in Santa Fe, N.M.

The property, at 6441 Cypress St., has 461 sites and includes a building that houses the property's management office and a recreation room. The property contains tennis courts, a playground and a fenced-in storage area. It is owned by Cottonwood LK LLP.

GMAC's Birmingham, Alabama, office arranged the fixed-rate debt.


Mobile Home Park Purchased

About Capital One® Multifamily Finance

As a Freddie Mac lender, Capital One Multifamily Finance provides a full range of competitively priced mortgage products for the acquisition, refinancing, and rehabilitation of multifamily high-rises and communities. Qualified as a Program Plus® seller/servicer, we were ranked sixth nationally among Freddie Mac lenders in 2013.

Capital One Multifamily Finance Team
Capital One Home Multifamily Finance About Us Our People

Richard "Rick" Lyon
Senior Vice President
Head of Commercial Real Estate
Capital One

Jeff Lee
President
Capital One Multifamily Finance

Chad Thomas Hagwood
Senior Vice President, Originations
Capital One Multifamily Finance

2018 Jul – Chad Thomas Hagwood is no longer employed by Capital One. A search on the Capital One website returns 46 results for "Chad Thomas" but those references have all been removed.

2018 Oct – Chad Thomas Hagwood is now the Senior Managing Director and Southeast Regional Manager at Hunt Real Estate Capital in Birmingham, Alabama.


Note: Only those bullet point entries identified with “Loan Type” are associated with Chad Thomas Hagwood.

  1. Arrowhead Mobile Home Park

    201 E Arrow Hwy, Glendora, CA 91740

    • Refinanced: Dec 2013
    • Amount: $158,000,000, 1/8 MHP Package
    • Loan Type: Fannie Mae FRM
  2. Blue Star Mobile Home Park

    12401 Filmore St, Sylmar, CA 91342

    • Purchased: Dec 2005
    • Amount: $16,000,000
    • Refinanced: Jun 2016
    • Amount: $23,500,000
    • Loan Type: Fannie Mae SARM
  3. Briarwood Mobile Home Park

    2950 Routier Rd, Sacramento, CA 95827

    • Purchased: Oct 2016
    • Amount: $ Cash
    • Refinanced: Jan 2017
    • Amount: $6,200,000
    • Loan Type: Fannie Mae SARM
  4. Continental Manufactured Home Community

    2804 W First St, Santa Ana, CA 92703

    • Purchased: Jun 2005
    • Amount: $94,700,000, 1/6 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 2/8 MHP Package
    • Loan Type: Fannie Mae FRM
  5. Cottonwood Village Mobile Home Park

    6441 Cypress, Santa Fe, NM 87507

    • Purchased: Oct 2003
    • Amount: $14,000,000
    • Loan Type: Fannie Mae FRM
    • Refinanced: Jun 2005
    • Amount: $94,700,000, 2/6 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: May 2013
    • Amount: $30,000,000
    • Loan Type: Fannie Mae DUS
  6. Country Club Village

    2060 N Center St, Mesa, AZ 85201

    • Purchased: 1995
    • Amount: $7,750,000
    • Refinanced: 2015
    • Amount: $3,100,000
    • Loan Type: Freddie Mac ARM
  7. Crestmont Mobile Estates

    1051 Site Dr, Brea, CA 92821

    • Leasehold Purchased: Jan 2018
    • Amount: $30,000,000
    • Loan Type: Fannie Mae ARM
  8. Hollydale Mobile Home Park

    5700 Carbon Canyon Rd, Brea, CA 92823

    • Refinanced: Jun 2005
    • Amount: $94,700,000, 3/6 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 3/8 MHP Package
    • Loan Type: Fannie Mae FRM
  9. Knolls Lodge Mobile Home Park

    23701 S Western Ave, Torrance, CA 90501

    • Refinanced: Jun 2005
    • Amount: $94,700,000, 4/6 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 4/8 MHP Package
    • Loan Type: Fannie Mae FRM
  10. Knolls Manor

    24200 Walnut St, Torrance, CA 90501

    • Refinanced: Jun 2005
    • Amount: $94,700,000, 5/6 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 5/8 MHP Package
    • Loan Type: Fannie Mae FRM
  11. Lamplighter Sacramento Mobile Home Park

    5040 Jackson St, North Highlands, CA 95660

    • Purchased: Apr 2014
    • Amount: $11,750,000
    • Refinanced: Jun 2016
    • Amount: $11,200,000
    • Loan Type: Fannie Mae SARM
  12. Lincoln Center Mobile Home Park

    9080 Bloomfield Ave, Cypress, CA 90630

    • Purchased: Mar 2005
    • Amount: $19,795,000 (Leasehold)
    • Loan Type: Fannie Mae DUS
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 6/8 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: Apr 2018
    • Amount: $48,800,000
    • Loan Type: Fannie Mae ARM
  13. MetroPointe Apartments

    11615 Firestone Blvd, Norwalk, CA 90650

    • Purchased: Apr 2017
    • Amount: $42,600,000
    • Loan Type: Fannie Mae SARM
  14. Mobilaire Estates Mobile Home Park

    716 N Grand Ave, Covina, CA 91724

    • Purchased: Dec 1994
    • Amount: $3,300,000
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 7/8 MHP Package
    • Loan Type: Fannie Mae FRM
  15. Rancho Huntington Mobile Home Park

    19361 Brookhurst St, Huntington Beach, CA 92646

    • Purchased: 2012
    • Amount: $25,400,000
    • Loan Type: Fannie Mae ARM
  16. Reseda Mobile Homes

    6545 Wilbur Ave, Reseda, CA 91335

    • Purchased: Feb 2014
    • Amount: $13,100,000
    • Refinanced: Jun 2016
    • Amount: $10,300,000
    • Loan Type: Fannie Mae SARM
  17. Rio Vista Mobile Estates

    320 N Park Vista St, Anaheim, CA 92806

    • Refinanced: Oct 2016
    • Amount: $15,800,000
    • Loan Type: Fannie Mae SARM
  18. Riverside De Santa Fe

    7460 Riverside Loop, Santa Fe, NM 87507

    • Purchased: Jun 2005
    • Amount: $94,700,000, 6/6 MHP Package
    • Loan Type: Fannie Mae FRM
    • Refinanced: Dec 2013
    • Amount: $158,000,000, 8/8 MHP Package
    • Loan Type: Fannie Mae FRM
  19. Sepulveda Apartment Homes

    6940 Sepulveda Blvd, Van Nuys, CA 91405

    • Purchased: Oct 2016
    • Amount: $33,300,000
    • Refinanced: Apr 2017
    • Amount: $18,700,000
    • Loan Type: Fannie Mae SARM
  20. Sierra Mobile Home Park

    18204 Soledad Canyon Rd, Santa Clarita, CA 91387

    • Purchased: Oct 2015
    • Amount: $3,270,000
    • Loan Type: Fannie Mae ARM
  21. Starlight Mobile Home Park

    351 E Bradley Ave, El Cajon, CA 92021

    • Purchased: May 2015
    • Amount: $17,981,000 Cash
    • Refinanced: Dec 2015
    • Amount: $11,719,000
    • Loan Type: Freddie Mac ARM
    • Refinanced: Jun 2018
    • Amount: $19,100,000
    • Loan Type: Fannie Mae SARM
  22. Thunderbird Mobile Home Park

    13102 Partridge St, Garden Grove, CA 92843

    • Refinanced: Apr 2017
    • Amount: $15,400,000
    • Loan Type: Fannie Mae SARM
  23. Vista Diablo Mobile Estates

    2901 Somersville Rd, Antioch, CA 94509

    • Purchased: Nov 1995
    • Amount: $4,500,000
    • Refinanced: Nov 1998
    • Amount: $5,415,000
    • Refinanced: Jan 2005
    • Amount: $9,000,000
    • Refinanced: Jan 2007
    • Amount: $11,750,000
    • Refinanced: Jun 2016
    • Amount: $16,000,000
    • Loan Type: Fannie Mae SARM
  24. Woodley Sara Apartments

    7121 Woodley Ave, Van Nuys, CA 91406

    • Purchased: Jun 2017
    • Amount: $25,600,000
    • Loan Type: Fannie Mae FARM

Multifamily Finance – Recent Closings