Mobile Home Park Financing
We offer Mobile Home Park Financing programs for the acquisition, refinance, or cash out of mobile home properties nationwide. When you are considering financing a mobile home property, there are many more competitive options available outside of traditional local bank lending. We give our borrowers access to exceptional rates and terms through our network of lenders. Our lenders include government agencies, banks, credit unions, life insurance companies, pension funds, & private debt companies. Because of our longstanding relationships with these lenders, we are able to offer the most competitively negotiated loan terms for any mobile home property.
Types of Mobile Home Park Financing & Loans We Offer
For any property, we can offer a variety of fixed rate periods and terms, below is a general outline
- LTV up to 80%
- Up to 30 year fixed rates
- Up to 30 year amortizations, interest only available
- First mortgage & mezz positions
- Loan amounts starting at $1 million
- Non-recourse & recourse options
Below are the typical loan types that we offer;
- Government Agency (FHA, Fannie, Freddie)
- Bridge loans
- Acquisitions, refinances, cash outs, construction
Our borrowers for mobile home park loans are typically middle & small market cap owners and operators of one or several properties. We work with all different quality and size of parks, from high end A quality parks to struggling parks with differed maintenance issues. To discuss options for financing a mobile home park, call 866-647-1650 or fill out the contact us form to the right.
Examples of Mobile Home Park Financing
Example 1) A borrower came to us looking to acquire a stabilized mobile home park located in Arizona for $8 million. The bidding process was very competitive and the borrower needed terms quickly to submit with his offer. The borrower was looking for long term fixed rate, max loan proceeds, and a long term amortization. We were able to structure a deal with Freddie Mac that gave the borrower 80% loan to value, 10 year fixed, and a 30 year amortization at a very competitive rate, all while keeping the loan non recourse.
Example 2) A borrower came to us needing a bridge loan for a mobile home park in Sacramento because the property was on a legacy ground lease and they were having trouble getting an appropriate estoppel signed by the existing land owner. We were able to structure a $4 million bridge deal with a lender that was able to handle the difficult land owner, giving the borrower time to negotiate a purchase of the land so that they can go back to the permanent market for their property.
Example 3) A borrower with a mobile home park in Indiana was looking to cash out refinance his property and had an existing $2 million loan on it. The Property appraised now for Almost $4 million, so we were able to cash out the borrower up to 75% LTV of $4 million, putting almost $1 million into his pocket, on a 10 year fixed rate, 30 year amortization with a very competitive interest rate.