Walker & Dunlop, Inc. recently provided $67.68 million in Fannie Mae financing to Hometown America, LLC, for a portfolio of manufactured housing communities in four states, including Illinois.
The portfolio consists of five properties and more than 1,800 home sites on more than 500 acres located in New Jersey, Florida, Illinois and Massachusetts. All of the transactions were refinances with the exception of Little Manatee Springs, located in Wimauma, Fla., which received acquisition financing.
This portfolio is one of the largest Fannie Mae MHC deals executed in 2012 and is evidence that permanent financing for the manufactured housing market continues to remain active nationwide.
Walker & Dunlop senior vice president of multi-family finance Will Baker led the Walker & Dunlop team.