West Baton Rouge RV Park (man camp in close proximity to Dow Chemical - Plaquemine)

[Adam Campo]

Investment Info:

Mobile home hard money loan investment.

Purchase price: $1,450,000
Cash invested: $2,000,000
Sale price: $2,300,000

300+ lot RV park that is located outside of the city limits of Addis at the intersection of Hwy.1148 and Charles Ory Road (about two miles from Dow Chemical on the West Baton Rouge side of the West Baton Rouge/Iberville Parish line).

What made you interested in investing in this type of deal?

Very profitable

How did you find this deal and how did you negotiate it?

Concept has been proven across the street.

How did you finance this deal?

Bank financing was facilitated but not finalized due to deaths of partners.

How did you add value to the deal?

Zoning change and a lot of design an lobbying.

What was the outcome?

Zoned, planned, and approved project on all fronts.

Lessons learned? Challenges?

Water to the site was a challenge that has been overcome.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Jim Pergurson at Home Bank was very helpful. He approved the project, but we postponed the project start as previously stated.