Hunt Real Estate Capital has provided a Freddie Mac conventional multifamily loan for $35 million to refinance a 4.5-star manufactured housing community located in Tempe. The loan will be used to refinance existing debt.

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.

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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.