Los AngelesA private investor has secured a $27.6 million loan to refinance Imperial Ventura, a 372-space manufactured home community. Capital One funded the Fannie Mae loan, which has a 12-year fixed-rate and six years of interest-only payments, followed by amortization on a 30-year schedule.

In addition to the 372 spaces, the community also includes two single-family homes. It is 100% occupied and has maintained 99% occupancy over the last 10 years.

Damon Reed, SVP and Capital One Multifamily Finance's Director of MHC Finance, originated the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Los Angeles
Multifamily
Capital Markets