Southern California Manufactured Housing Community Refinanced

28 January 2020

SAN DIEGO – JLL Capital Markets announced today that it has arranged the $6.9 million refinancing of Goforth MH Village, a 73-home site, Class A, age 55+ manufactured home community in Orange, California.

JLL worked on behalf of a private investor to secure the 10-year, fixed-rate loan with interest-only payments.

Goforth MH Village is located at 1801 E. Collins Avenue immediately west of the Costa Mesa Freeway, which provides connectivity to other major highways throughout Orange County and Southern California. Originally constructed in 1958, the property has remained at or close to 100% occupancy for many years, and features a community clubhouse with kitchen, swimming pool and outdoor picnic area. 

The JLL Capital Markets debt placement team representing the borrower was led by Senior Director Zach Koucos.