Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 18 hours ago on . Most recent reply

User Stats

2
Posts
1
Votes

Bridge needed quickly

Posted

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

Loading replies...