Mobile Home Park - Looking for Asset Based Lender
Hey Bigger Pockets Community!
I currently own a 22unit mobile home park in CA that I have made significant income and infrastructural improvements on. As a result I am thinking of taking a loan out based on the property and cashflow. My limited experience leads me to believe an Asset Based Lender is the way to go. I currently have a seller carry payment setup with the seller.
My questions are the following:
1. Doe anyone have experience in getting a ABL loan on a Commercial property that currently has a seller carry?
2. Is it preferred to use an Asset Based Lender for a Mobile Home Park?