The pandemic has helped to fuel demand for manufactured housing financing. In the last seven months, JLL Capital Markets has closed seven manufactured housing deals totaling 1,038 home sites in Southern California totaling $118 million and $46.4 million for a 17-property manufactured housing portfolio in Phoenix totaling 1,050 home sites. The unrelated deals had different borrowers and lenders, but all included fixed-rate financing.

“The rising cost of single-family housing in major markets around the US has solidified manufactured home communities as an attractive lower cost alternative for families and retirees,” Zach Koucos, managing director at JLL, tells “It’s also a lifestyle choice, which enables the pride of home ownership in a community setting, often with appealing amenities. Residents in MHC’s enjoy the space of their own detached home as opposed to an apartment unit, or a site-built single-family home, which they may not be able to afford.” Koucos led the debt placement on behalf of the borrowers, along with director Chris Collins as well as senior managing director Jeremy Womack.

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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 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.

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