Updated 3 months ago on . Most recent reply
Bridge needed quickly
I have a Mobile Home Park currently for sale at 1.4M. My current loan ends August 1st with a 510k balloon payment. I am looking for a refinance bridge loan while I wait for the park to sell. I currently own the trailers and the land and charge rent for each trailer. If needed, I could quickly give ownership of the trailers to the tenants and restructure the leases for lot rents only. This would remove the Mobile Homes from the equation. Current NOI is 153k, switching to lot rents only would be 98.4k. Any help or advice would be greatly appreciated. 465 Colorado Blvd, Idaho Springs, CO