Seek Private Lender or Equity Partner- Mobile Home Park purchase

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Seek Private Lender or Equity Partner- Mobile Home Park purchase

Investor · Atlanta · Member since 2019 · 8 posts · 0 votes

Hi BP Investors,

I am a seasoned real-estate investor with 14+ Flips successful renovated and sold properties  completed in ATL and Chattanooga. I've got a great opportunity for a private investor or private lender looking to lend or co-invest on a Mobile Home Park acquisition (8+.  I am looking for an investor with an appetite and/or experience with Mobile Home Parks to make this deal happen with me. 

Park Overview:

8 existing homes (7 park owned)

Expansion capabilities (zoning completed)- 12 lots

Investment Opportunity:

MHP Purchase Price: $170K

Renovation: $75K

ARV: $345K

#1: Private Loan Opportunity: up to 80% of Budget

Interest Rate: 15%

Term: 6 months

#2: Private Equity Opportunity: up to 90% of Budget

Return: 6% quarterly dividend + Principal payback at 8% interest rate

Term: 24 months

(Rent Roll Attached)

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  • Investor · Provo, UT · Member since 2016 · 759 posts · 626 votes
    2y

    Does the zoning allow for higher density?

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