HI there. I have a Mobile Home Park under contract in Virginia. The area is somewhat rural but only 30 miles away from Petersburg, VA. Quick details: 36 lots, 22 park owned homes. Full occupancy. I'm seeking financing on the purchase - roughly $600k. We are looking to close by end of January'18. any suggestions? Much appreciated. kb
@Kirk Bausch - Your best bet for such a small loan is to cold call every bank within 50 miles of the deal. Use google maps. I've done this for several smaller deals that I've put under contract and I always seem to dig up a few lenders familiar with the asset class. By familiar, I mean they currently have mobile home parks on their books.