Updated almost 7 years ago on . Most recent reply
Refinancing a Mobile Home Park
Has anyone ever or does anyone have any information about refinancing a mobile home park?
I am looking at owner financing with a balloon payment after 5-8 years.
If this is the case, I have to figure out how to make that balloon payment when it comes.
The park does not make enough money to pay back the loan off of the profits under the terms of owner financing.
The benefit for me is being able to secure a mobile home park with minimal money down.
Thank you in advance.