Hunt Provides Manufactured Home Loan in Phoenix
The firm provided a Freddie Mac conventional multifamily loan for $35 million to refinance a 4.5-star manufactured housing community located in Tempe.
Contempo Tempe is a 454-pad, age-restricted 55-plus manufactured housing community that features three single-story buildings containing the clubhouse/leasing office, fitness center, and maintenance building. All pad sites are doublewide, although tenants are able to install smaller units on the doublewide sites.
Tom Houlihan of Sterling Mortgage and Investment in Phoenix, Arizona arranged the financing on behalf of the borrower.