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Mobile Home Park Financing
We specialize in Mobile Home Park Financing. Our lenders can finance a mobile home park that you want to buy or finance. Many banks will say NO because Mobile Home Park financing is considered a risky loan; that is where Commercial Niche Financing - Specialized Capital comes in. We can help you!
Mobile Home park financing is a speciality. We will work closely with you to close the mobile home park loans that others will not do including loans with Park owned units. Often times, Mobile Home Parks end up owning units due to lease default which can increase your cash intake, but does not count on your appraisal or toward your collateral. Our lenders will work with you to use this valuable equity toward your purchase helping you to structure a loan for that mobile home park you want to buy, rehabilitate or refinance. If you have had problems getting financed, call Commercial Niche Financing - Specialized Capital to find out how we can get you financed, most times even in the most difficult situations.
Why use us:
- Experience in Mobile Home Park Financing
- Competitive Rates
- Financing can include a 2nd position seller take back
- We can keep your payments low with long term financing
What can we do for you?
- Mobile Homes - Park Owned Units
- Amortizup to 30 years
- 20 to 30 year fixed variable terms
- Competitive Rates
- Adjustable Rate programs
- Assumable Loans with lender approval
- Pre-payment penalty varies with individual loan
- Special quotes on loans above $10,000,000
Contact us TODAY about our NEW 90% Loan to Value financing on income property. You need only 10% down. This program requires a good FICO score. Inquire for details.
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Nationwide Mobile Home Community Financing Program |
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Minimum Loan Amount: |
$100,000 |
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Maximum Loan Amount: |
None |
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Loan to Value |
Up to 85% |
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Loan Terms: |
6-month, 2-year, 3-year, 5 year, 7 year or Full Term (15, 20, or 30 years) |
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Amortization: |
Up to 30 Years |
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Minimum Credit Score: |
600 |
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Documentation: |
Full or State Income |
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Features: |
Park-owned homes allowed (No Maximum), Seller-held seconds or notes on homes allowed |
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Debt Service Coverage Ratio: |
1.20 or Qualify with Personal Income combined with Rents from the Park. |
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Closing: |
Typically 30-45 Days |
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