MI Banks that Underwrite Mobile Home Parks?

[Jerome Kucera]

Hello Forum-

We have a MI park under a contract with high occupancy, strong financials & a strong metro/town, however, we’re finding a number of banks are not moving ahead with underwriting approval due to the fact that we are out of town investors or they don’t invest in MHPs.

If anyone knows of MI banks (ideally Western MI area) that invest in MHPs under $1M, please advise.

Thanks