
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.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing