Mobile Home Park loans are a very unique niche. We know that investors often struggle to find financing on this asset class so we’ve made a point of identifying some of the best programs around the country. As long as the park is in a strong economic market, has high occupancy, and a very small percentage park owned homes then we can offer a long term mortgage with low rates to maximize cash flow.
-Loans between $250,000 and $5,000,000
-Up to 80% LTV on Purchases or Rate/Term Refinances
-Up to 75% LTV on Cash Out Refinances
-Minimum County Population Size – 100,000 People
-Maximum 19% POHs
-DSCR is based strictly on Lot Rent
-Minimum DSCR 1.2
-Amortization as high as 30 yearsQuestions? Contact Alex Bekeza Today!