Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Mobile Home Park Loans


https://flic.kr/p/fVzKaN
Mobile Home Park LoansWe specialize in providing mobile home park loans for investors looking to purchase or refinance their mobile home park. Unlike the banks offering 15-year or 20-year amortization, we offer up to 30-year amortization. We have Fannie Mae, Freddie Mac and Alt-A loans with a 30-year amortization.
What is the minimum amount for agency mobile home park loans?
Even though the agency apartment loan guidelines allow for a minimum loan amount of $250,000.00 dollars most lenders will not lend below $1,000,000.00 dollars. Since the minimum loan amount is $1,000,000.00 dollars , the purchase price or the appraised value should be around $1,300,000.00 dollars to $1,400,000.00 dollars or more depending on the loan to value. Also agency money requires the roads to be paved and have amenities like a club house, pool, basketball court etc.
Is There an Alternative for Mobile Home Park Loans Below $1,000,0000?
Yes, if your loan amount is below $1,000,000.00, we have alternative correspondent lenders for mobile home park loans that can go as low as $250,000.00 dollars.
What determines the rate and loan to value?
The rate and the loan to value is based on where the property is located, the breakdown of the units, affordability, debt service coverage ... more

__________________________________________________
Are you on The Rain? Grow Your Network!