Noted Mark Besharaty, Director at Hunt Mortgage Group, “Mac has over 25 years of experience in both owning and operating manufactured housing communities and currently owns two such properties with a total of 335 sites.”
The Trails is set on 51.57 acres with 180 home sites, none of which are for recreational vehicles, and 90 percent of the sites will accommodate a multi-section home. Most of the homes are no more than 15 years old, and all are professionally skirted.
“This is a quality property that has been performing very well,” added Carl Pankratz, Vice President of Originations at Hunt Mortgage Group. “Over the past 24 months, occupancy at The Trails of Oak Hills has averaged 98% with no single month below 97%, and, the property is currently full. We were pleased to deliver on this transaction.”
While a clubhouse building is the only permanent structure, amenities include an outdoor swimming pool, playground and fishing pond.
Hunt Mortgage Group recently expanded its MHC platform as one of its new asset classes. ##
(Photo credit: MHVillage–The Trails of Oak Hills MHC in Austin Texas)
