Southern California manufactured housing community refinanced

SAN DIEGO, January 28, 2020 – JLL Capital Markets announced today that it has arranged the $6.9 million refinancing of Goforth MH Village, a 73-home site, 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.

Goforth MH Village is located at 1801 E. Collins Avenue immediately west of the Costa Mesa Freeway, which provides connectivity to other major highways throughout Orange County and Southern California. Originally constructed in 1958, the property has remained at or close to 100% occupancy for many years, and features a community clubhouse with kitchen, swimming pool and outdoor picnic area.

The JLL Capital Markets debt placement team representing the borrower 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,” Koucos said. 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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