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Updated almost 5 years ago on . Most recent reply

User Stats

601
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384
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Ronald Starusnak
  • Property Manager
  • Syracuse, NY
384
Votes |
601
Posts

Can We Get A Lender For This Small MHP Deal In UPSTATE NY?

Ronald Starusnak
  • Property Manager
  • Syracuse, NY
Posted

Hey guys, I made a post to my friends on Facebook to see if anyone would be interested in selling a mobile home park or if anyone knew someone that had one for sale. I ended up coming in contact with someone who has a small 14 unit park with lot rents below average. The park owns 4-5 trailers and the rest are owned by the tenants. The park needs about $80-$100k in work but I think due to the circumstances we can get the entire park for $200-$225k but before I make my formal offer to the owner I want to see what kind of financing is available for a park like this. We have extensive experience in construction, remodeling, management, and SFH / MFH investing but no experience specifically in MHP investing.

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