Small Mobile Home Park Financing

[Todd Fry]

I own a unique mobile home park in South Carolina that's relatively small (5 acres) comprised of 12 lots (I own 8 of the homes while the other 4 are owner-occupied and charged lot rent) along with a house (3 units).  All units are currently rented.  I have just over $200K left of owner-financing, but I'd like to obtain a cash-out mortgage/loan of $500K (ideally) to be able to pay off the previous owner and make some repairs, etc.  I'd estimate the current value of the property around $1M.  Are there any lenders on this forum that would be willing to loan?

[Logan M.]

Quote from @Todd Fry:

I own a unique mobile home park in South Carolina that's relatively small (5 acres) comprised of 12 lots (I own 8 of the homes while the other 4 are owner-occupied and charged lot rent) along with a house (3 units).  All units are currently rented.  I have just over $200K left of owner-financing, but I'd like to obtain a cash-out mortgage/loan of $500K (ideally) to be able to pay off the previous owner and make some repairs, etc.  I'd estimate the current value of the property around $1M.  Are there any lenders on this forum that would be willing to loan?

 Your best bet for that size will be local banks and credit unions, good luck.