Northmarq’s Debt + Equity team arranges $14M refinance of Georgia-based 8-property manufactured housing portfolio

ATLANTA — Northmarq’s Atlanta Debt + Equity team led by Van Glosson and Josh Darby successfully arranged a $14 million loan to refinance an eight-property manufactured housing portfolio totaling 430 sites across several  Georgia markets.

Northmarq secured the permanent financing on behalf of the borrower through a relationship with Starwood Mortgage Capital. The borrower acquired the properties individually over several years and invested additional capital to improve and stabilize each asset.

The loan was structured with a five-year term and full-term interest-only payments through a CMBS execution.

“This transaction highlights our repeat relationship with the borrower and our ongoing partnership with Starwood Mortgage Capital to deliver attractive permanent financing that allows the borrower to unlock the value created at these parks and support the continued growth of their portfolio,” Glosson said.