Financing - Posted by David

Posted by Don Dion on July 11, 2003 at 24:43:10:

I do these often if your putting them on lots your selling to the clients. I can do 90% construction perm loans or 100% end loans depending on the clients needs. With the first one the Construction Perm Loan you the builder/developer dont need to use any of your own money. The lot , permits and up front money to the factory are all done at the initial closing. You have a second payout for excavation, foundation, utilites, and rough site work once the inspection is done prior to delivery. Then you have a payout once the home is installed and the local occupancy cert is issued.

Financing - Posted by David

Posted by David on July 06, 2003 at 20:15:53:

I have been placing modular homes on lots with permanent foundations for the past year and I have been doing good steady sells. I am in Tennessee and I would like to know if there is anyone that buys these notes. They are modular homes, but when you place them on permanent foundations you loss the title and it converts to a Deed of Trust for the whole entire thing. I have an opportunity to increase sells by 100% if I can do owner financing. Does anyone finance these types of notes?

Thank you,