Mobile home private money loan investment in Midland.
Cash invested: $100,000
Private money loan made to mobile home park owner to be used to expand park
What made you interested in investing in this type of deal?
It was a win-win for myself and the borrower. I get a nice return on my money and the borrower can expand/improve their park which will greatly increase their monthly cash flow.
How did you find this deal and how did you negotiate it?