Hunt Refi’s Boulder Manufactured Housing Community for $39M
New York-based Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $39 million to refinance a manufactured housing community located in Boulder, CO. The loan has a 10-year term with a 30-year amortization period, and 114 months yield maintenance.
The borrower is a diversified real estate investment firm with a long record of accomplishment in the manufactured housing sector. The property is Boulder Meadows MHC, a 638-unit, four-Star multifamily/mobile home park community. Included in the unit mix are 97 community-owned homes, three of which are used as residences for the community manager, maintenance supervisor, and for corporate use. The property at 4500 19th St. was developed in 1970 and is 99% leased.
Hunt Real Estate Capital’s Josh Messier says, “The borrowers have successfully owned and operated Boulder Meadows MHC for 30 years and have extensive experience investing in manufactured housing properties.”
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.