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Creative Real Estate Financing

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Adam Greene
  • Real Estate Agent
  • Stilwell, OK
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Three mobile homes on 10 acres

Adam Greene
  • Real Estate Agent
  • Stilwell, OK
Posted May 16 2022, 19:29

So I’ve got a client selling his property it has 3 double wide trailers on 10 acres. 1 is rented but is in need of some repairs. 2 is owner occupied and in pretty good repair 3. Is in the middle of being renovated and vacant.   I’ve received plenty of interest but most are in need of financing if you think you have a product that would work for this type of situation post you contact info and I’ll forward it to the would be buyers. 
list price is 270k property located in Fort Gibson, OK

Adam 

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Kevin Romines
  • Lender
  • Winlock, WA
1,091
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1,542
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Kevin Romines
  • Lender
  • Winlock, WA
Replied Jul 28 2022, 09:05

The loan you are looking for is a bit of a unicorn. A non-owner occupied Mfg. home loan doesn't really exist in the conventional, government, Non-QM worlds. The only place you will find this kind of loan is with a local credit union or a local community bank as a portfolio loan, and not all will do this loan, so burn up the phones finding lending for it.

I hope this helps?