January 29, 2020
A San Diego-based JLL Capital Markets team has secured $6.9 million to refinance Goforth MH Village, a 73-homesite, Class A, age 55+ manufactured home community in Orange, California.
JLL worked on behalf of a private investor to secure the 10-year, fixed-rate loan with interest-only payments. Located at 1801 E. Collins Ave., the community was originally constructed in 1958 and has remained near 100% occupancy for the duration.
JLL Capital Markets’ debt placement team was led by senior director Zach Koucos.
“This new financing will enable ownership to continue to provide a quality community for their residents, and enhance their investment for many years to come,” said Koucos.
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