4-star mobile home park mortgage options, April 2024

[Chris Mason]

Just sent this over to a client, in place NOI yields a ~9% cap rate on this park, which of course feeds into making 75% LTV doable. All are at less than 1.5 points. Blacking out just enough so that the exact property can't be looked up. Note one of them is at 65% LTV.

Good hunting!

[Mark Walker]

Quote from @Mark Walker:

Quote from @Chris Mason:

Just sent this over to a client, in place NOI yields a ~9% cap rate on this park, which of course feeds into making 75% LTV doable. All are at less than 1.5 points. Blacking out just enough so that the exact property can't be looked up. Note one of them is at 65% LTV.

Good hunting!

 Thank you for this, I'm looking at a MHP currently. 

I'm looking for Mobile Home Park lender. Do you have any suggestions?