Mobile on Land - perminent foundation - Posted by Gene

Real Estate Investing Real Estate Financing
1

Posted by Kenneth Hocking on June 09, 2007 at 12:58:07:

Vanderbilt Mortgage
21st Mortgage
Greenspoint.

Worldwide Mortgage out of Dallas Mike Landemeyer

Local Bank???

Comps might be tought given the fema Houses the GOv is starting to auction off!

2

Mobile on Land - perminent foundation - Posted by Gene

Posted by Gene on June 04, 2007 at 21:09:01:

I have a 99 double wide on a perminent foundation in Central CA that I am trying get financed. I paid cash for the home and the development and now I would like to get some long term financing in place and cashout.

It is rented and with positive cash flow. I am looking for 80%LTV.

All of the lenders that I have delt with in the past say they will only finance land/home if its owner occupied.

Anyone know of a lender that will finance this?

Thanks
Gene

3

Mobile Home forum - Posted by John

Posted by John on June 04, 2007 at 21:26:49:

This would probably get you more action on the MH forum on this website.

4

Re: Mobile Home forum - Posted by Gene

Posted by Gene on June 05, 2007 at 06:59:12:

Yea, I posted it there too.

Thanks
Gene