All Forum Posts by: Mark Walker

 Thank you for the advice, I'm meeting with the owner today. 

Quote from @Chris Mason:

Just sent this over to a client, in place NOI yields a ~9% cap rate on this park, which of course feeds into making 75% LTV doable. All are at less than 1.5 points. Blacking out just enough so that the exact property can't be looked up. Note one of them is at 65% LTV.

Good hunting!

 Thank you for this, I'm looking at a MHP currently. 

Are most MHP recourse? I'm currently looking at a combo MHP+SS property? Likely to finance both in one loan? Also a 4 year old here! Thanks

But the 95% physical occupancy means they are 95% at capacity right? Thanks

Thank you Henry, so does this mean they are 21% below street rates with 95% occupancy?

Thank you Logan. I don't think I explained the property. It has both SS and MHP. Would your lender finance together?

If SS has 95% physical occupancy and 74% economic occupancy does that mean they have 95-74= 21% delinquent tenants?

TIA

Mark Walker

What types of loans are available for a property of this type? DSCR? Other traditional CRE?

Thank you

Mark Walker

Hello, I'm looking at self storage/mobile home park. What are typical lending terms? My local bank quoted 75/80% LTV for 20y at upper 8% Other options and terms?

Thank you

Mark Walker

Hello, I'm currently looking at a combo mobile home/storage unit property. What are typical lending terms on said properties?

Thank you

Mark Walker