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GMF Group has secured a $65 million CMBS refinancing package for a 17-asset MHC portfolio spread across Florida. Citigroup originated the five-year, interest-only mortgage in early December 2024, with Eastdil Secured serving as the borrower’s advisor.

Used to pay off previous mortgages and bridge loans on the 17 assets, the loan will also provide liquidity for the company’s investors. GMF Group intends to reinvest a significant amount of the proceeds back into the manufactured housing communities.