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Updated over 1 year ago on . Most recent reply

User Stats

267
Posts
214
Votes
Kenneth Reimer
  • Rental Property Investor
  • Sacramento, CA
214
Votes |
267
Posts

Lenders for MHP - 100% Park-Owned Homes

Kenneth Reimer
  • Rental Property Investor
  • Sacramento, CA
Posted

Hello, I'm looking for a lender to provide a commercial loan on a MHP in which I will own all of the units as well. Park is located in California. Ideally seeking 80% LTV. It's my understanding that a loan like this is going to be roughly 70%-75% max LTV, recourse, and fixed for about 5 years. If anyone knows of any lenders that aren't scared of mobile home parks, please send them my way!

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