MHProNews has learned provider of commercial real estate and capital market services HFF (Holliday Fenoglio Fowler) has arranged $52 million in financing for Audubon Estates in Alexandria, Virginia. Working on behalf of Hometown America, HFF secured a ten-year, fixed-rate loan through a life insurance company. The 701-home site, all-ages manufactured housing community (MHC) is 99.9 percent occupied and located just south of Washington, D. C. According to multihousingnews.com, amenities include 11 playgrounds, sports courts, picnic areas and RV and boat storage. Doug Minahan, vice president of Hometown America, says, “We were pleased with how competitive the quotes were that we received through HFF’s efforts. This is a clear indication that lenders are bullish on high-quality manufactured housing communities located in desirable markets.”
