Private Equity

Mhc Investment Surge Prompts Brookfield’s $2B Refi

by multihousingnews.com posted 5months ago 79 views
Motivated by the increasingly robust returns in the sector, the firm secured the loan for 124 properties. : An affiliate of Brookfield Asset Management has secured a $2.2 billion refinancing on its portfolio of 124 U.S. manufactured housing and RV communities extending across 13 states. Citi Real Estate Funding, DBR Investments, Morgan Stanley and Wells Fargo furnished the debt, featuring a two-year term with a trio of one-year extension options. The lenders intend to securitize the loan as CMBS debt sold to investors.