If anyone can help me find or get me in touch with a Lender, we are looking to purchase a Mobile Home park in the state of Oklahoma. Anything will help.
Hey @Austin Ardrey
How big is the park and what is the occupancy?
Hey @Austin Ardrey I know of a private lender that will lend on Mobile Home Parks.
@Jason Shackleton how can I get in touch with this person?
@Brenden Mitchum 21 Units, and 7 current vacancies.
@Austin Ardrey That has cash, private/hard money, or owner financing written all over it. The only kind of bank financing you'd be able to get on that is from a small, local bank. Call around or ask other MHP investors in the area for recommendations. Most likely, with that kind of vacancy, a small local bank won't even touch it until you get it more stabilized. That being said, you might be able to find one that will help finance the turnaround so definitely worth calling around.