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12/14/20
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Hometown America has acquired the 200-site Eden Roc manufactured home community in the San Francisco Bay Area city of Hayward. The purchase was financed with a $17.5 mil acquisition loan.
Situated on 21 acres, the Class A Eden Roc community is 100% occupied and features a clubhouse, fitness center, recreation area, pool, spa, sauna and children’s playground. Located at 28362 Bradshire Rd in Hayward, the community is conveniently positioned near Interstate 880 and the San Mateo-Hayward Bridge, providing connectivity to the entire Bay Area including Oakland, San Francisco and Silicon Valley.
Zach Koucos and Bharat Madan with JLL Capital Markets originated the 10-year, fixed-rate Fannie Mae loan with full-term interest-only. The loan will be serviced by JLL Real Estate Capital LLC, a Fannie Mae DUS lender. Hometown America has significant experience in acquiring four- and five-star manufactured home communities throughout the United States.
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