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7/28/17
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Pacific Current Partners has refinanced Oceanside RV Park, a 138-space coastal asset in the northern San Diego County beach community of Oceanside. The new interest-only, floating-rate loan for $12 mil was arranged by HFF and funded through Prime Finance.
Oceanside RV Park is located at 1510 South Coast Hwy, steps from the beach and proximate to Interstate 5 and Routes 76 and 78, providing access to nearby cities in Southern California. The coastal resort community is situated on two parcels totaling 7.37 acres along the famed Pacific Coast Hwy. Amenities include a clubhouse, swimming pool, spa, showers, pet area, laundry room, free WiFi, extensive landscaping and full hook-ups for all RV spaces.
HFF’s Zach Koucos and Chris Collins arranged the financing. According to Pacific Current Partners’
Thom Niederkofler, the new loan will enable them to continue reinvesting in the park to improve the amenities and experience for their guests, while providing a healthy distribution to investors.
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