Posts Tagged ‘lincoln financial group’

HFF Secures Loan for Kingsley Management

September 20th, 2013 Comments off

HFF (Holliday Fenoglio Fowler, L.P.) has secured a 25-year, fixed-rate, fully-amortizing loan through Lincoln Financial Group for $8.2 million in financing for Villa Cajon on behalf of Kingsley Management Corp (KMC). HFF will also service the loan. A 125 homesite manufactured housing community in El Cajon, California, Villa Cajon is a 100 percent occupied all ages community featuring a swimming pool, clubhouse, gameroom, picnic area and playground. As tells MHProNews, KMC is one of the nation’s largest privately-owned manufactured housing community owners with over 40 communities in eight western states.

(Photo credit: TriStar Estates)

Two California Land Lease Communities Obtain Financing

July 16th, 2013 Comments off

Working exclusively on behalf of Wynne Corporation to seek financing for two manufactured home communities (MHC) north of Los Angeles, HFF (Holliday Fenoglio Fowler, L.P.) secured acquisition financing for La Maria MHC in Santa Maria, Calif. and refinancing for Ojai Oaks Village in Ojai, Calif. La Maria is a 158-site senior MHC which received a ten-year, $8.5 million fixed-rate loan from Aegon USA Realty Advisors, LLC. HFF arranged an $8.3 million fixed-rate loan from Lincoln Financial Group for Ojai, a 125-site, 96 percent occupied all-age community 25 miles east of Santa Barbara. La Maria is 98.1 percent occupied. As nreionline informs MHProNews, HFF will also service the loans.

(Photo credit: Arnaldo Abba/psmag–Pismo Dunes MHC in Calif.)