Posted by Anne_ND on May 15, 2007 at 20:29:35:
Peter,
Try Clayton Bank for both MHP financing or LOC against a MH note portfolio.
Private money is a good source for bridge loans, as bank origination fees are likely to be high, even with a bridge loan.
Finding the right park is the hardest part about this whole deal. Consider attending bootcamp in August to find the people who have the parks under contract.
Anne
Financing Parks with Vacancy - Posted by Peter Greenberg
Posted by Peter Greenberg on May 15, 2007 at 20:18:31:
Who are the very best lenders to contact (private or banking types) to obtain a bridge loan for parks with 75%
vacancy. Vacancy can be turned around with affordable monthly payments and seller financing on contract.
What is the best way to fund new or pre-owned trailer inventory and how can you turn the mobile home paper into cash at the least possible discount
Does anyone know of parks for sale that are over 200 homesites can have large vacancy (turn around) in solid metro area with significant local population and strong employment?