Looking For Lenders For Cash Flowing Mobile Home Park

[Christopher Winkler]

Looking to purchase a small Mobile Home Park in the SW. Paved street, city water & sewer, no park owned homes or empty lots! It needs nothing else at this time.

Purchase is $325,000.00. Looking for a first lien lender up to 70-75% LTV or $227,500.00-243,750.00. Rates & terms negoitable.

Then I need an equity partner for the rest, 25-30% or $81,250.00 to $97,500. Offering interest and split of profits.

Here are the numbers:

• Gross Income: $43,200.00
• Expenses: $12,097.00
• NOI: $31,103.00
• CAP Rate: 9.57%

I will raise lot rents by $50, and bill back water/sewer to homeowners as current owner is eating it & eventually sub-meter. 

Pro Forma Numbers;

• Gross Income: $52,800.00
• Expenses: $9,097.00
• NOI: $43,703.00
• CAP Rate: 13.45%

Please PM me for more info!