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Phoenix & Southwest  + Southwest  + Finance  | 

Hunt Provides $41M for Arizona, Utah Manufactured Housing Communities

Hunt Real Estate Capital provided three Fannie Mae conventional loans totaling $41.4 million to refinance manufactured housing communities (MHCs) in the western U.S. The refinancing lowered the interest rate significantly and provided cash-out to the borrower while retaining reliable, long-term cash flow.

Hunt’s Chad Hagwood says, “It’s a testament to both the strong sponsor and our team at Hunt that we were able to deliver on these transactions despite challenges caused by COVID-19.”

The experienced sponsor, a repeat Hunt client and Fannie Mae borrower, has owned and managed MHC properties for more than 30 years, with a portfolio exceeding 2,100 sites. The properties include:
– Tempe Cascade Mobile Home Estates, a 273-site community in Tempe, AZ.
– Cottonwood Estates, an 83-site MHC located in Uintah, UT (pictured).
– Midland MHC features 224 sites and a single-family home located in Roy, UT.

The three MHCs are 100% mission-driven and share the same management company. The transactions were arranged by Sterling Financial Mortgage & Investment’s Tom Houlihan.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing