College Station MHC
Case Study: Manufactured Housing
Property Info test16233345
Property Objectives
College Station MHC is one of the largest mobile home communities in Texas, marking its first transaction since inception in the early 1980s. The property is strategically located near Texas A&M University, enhancing its appeal. The transaction took place in a highly competitive manufactured housing community space, requiring comprehensive management as both broker and lender.
Berkadia Solution
Berkadia provided a seamless transaction experience through the integration of investment sales and mortgage banking teams. Managing Director Ian Hilpl represented the seller, while Art Tuverson facilitated financing for the buyer. Key benefits of Berkadia’s approach included:
- Integration: Combined expertise of sales and banking teams for optimal solutions.
- Expert Guidance: Comprehensive support ensured smooth execution.
- Strategic Positioning: Leveraged location and market position for success
Client Results
The buyer appreciated Berkadia’s comprehensive support, stating, “By being both the transaction broker as well as lender, Berkadia had a comprehensive view of the transaction and was therefore able to provide valuable support throughout the entire deal process. It was a pleasure working with the Berkadia team.”
The seller praised Berkadia’s expertise, noting, “In today’s ultra-competitive MHC space, there are about 6 to 8 firms who stand above the rest, and all are very proficient at what they do. Like many MHC owners, I have numerous partners, some being more vocal than most. When evaluating a sale, I’m required to present and defend to them the brokerage choices being considered and ultimately selected. Within the first 10 minutes of meeting Ian Hilpl, I wasn’t sure his team would ultimately represent us when that day came, but I was positive he’d be in the mix. Three years later, I solicited six proposals and ultimately chose Berkadia. As a seller, the Berkadia team counseled us like total pros and not once did I feel overwhelmed or out of place in this large and aggressive marketplace, primarily due to their guidance. In my opinion, all sellers should consider Berkadia, they certainly made my responsibilities as a fiduciary much easier.”
Mortgage Banking
Investment Sales
Berkadia Manufactured Housing
Learn MoreClient Stories
Sunburst
Apartments
Berkadia is dedicated to leading the digital transformation of commercial real estate with investments in technology like Esusu, a rent-reporting platform created to build tenants’ credit. Multifamily property owners who implement Esusu can decrease evictions and vacancies and maximize NOI. As partners, Berkadia borrowers may receive closing cost credits and discounted rates.
551 W PRENTICE AVE
As Freddie Mac’s #1 Optigo® Lender and Fannie Mae’s #2 DUS Producer, Berkadia Small Loans is skilled in navigating GSE programs to find the best loan executions for our clients. Though the lending landscape continues to evolve, agency small loan executions remain one of the best options for investors who recognize the value of optionality and take advantage of rate locking.
Credit facility executions allow borrowers to arrange flexible financing terms for a portfolio of properties on a cross-collateralized and cross-defaulted basis, with property addition, property release, property substitution, and borrow-up capabilities for all asset classes. Kairos Investment Management Company and Berkadia secured a $175 million credit facility backed by Fannie Mae.
We recently partnered with Freddie Mac and Spira Equity Partners to help rehabilitate and preserve 392 units of affordable housing for the residents of Brittany Bay Apartments. Brittany Bay has the most units of any community in a High Opportunity Area that Freddie Mac has financed.
The Fairfield Affordable Housing Preservation Fund is focused on acquiring rent and income-regulated affordable housing assets in markets throughout the U.S. The Fund is Fairfield’s first affordable housing-focused investment vehicle open to third party investors and will leverage Fairfield’s 20-year history of investing and managing LIHTC multifamily assets.
A lot with a vacant commercial building that’s fallen into disuse has been transformed into new housing for Los Angeles’ homeless community by development company and Berkadia partner, Aedis Real Estate Group. Berkadia originated $50 million in Freddie Mac’s TEL forward commitments that will finance Hope at Avalon, as well as two sister projects Hope on Broadway and Hope on Hyde Park.
JASA is a longtime Berkadia client and non-profit organization committed to the safety, health, and well-being of seniors. Recently, Berkadia financed $46M+ in loans for two JASA properties under the HUD 223(f) program. In addition to repairs and upgrades, the higher leveraged, low interest rate loans enabled JASA to allocate funds to programs benefiting their residents.
RESEARCH, INSIGHTS AND NEWS
Access the latest market-driven insights, research and news from Berkadia.
Sedona Real Inn & Suites, Sedona AZ | Sold by Berkadia 2023 Sedona Real Inn & Suites, Sedona AZ | 2026
Monticello Station, Norfolk VA | Sold by Berkadia
Metro of the Month, Charleston South Carolina
The Impact of Federal & State Reimbursement Rates on Nursing Homes