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Updated about 8 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Joshua Kim
  • Las Vegas, NV
2
Votes |
7
Posts

MHP Lenders for Midwest states (OH, IL, IN, etc)

Joshua Kim
  • Las Vegas, NV
Posted

Hey fellas, 


Trying to find some good lenders who might be able to go up to 75-80% on some MHP parks in OH/IN/IL or other Midwest states. Myself and other business owner friends are looking to find some safe deals to park our cash, and will want to find a good way to lever up on the financing. Lower LTV is okay on a case-by-case, but higher the better.

Most of the parks we're looking at have city water/sewage, paved roads.  I know these are usually two factors they like to see, but I'm a numbers guy not the subject matter expert here, errg. 

Any input? 

Most Popular Reply

User Stats

88
Posts
46
Votes
JC K.
  • Real Estate Investor
  • Great Falls, MT
46
Votes |
88
Posts
JC K.
  • Real Estate Investor
  • Great Falls, MT
Replied

Try some of the smaller local banks.  Often they can provide good terms.  You have to get to know each other.

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