Three Star Plus Program |
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Call to Get Pre-Approved |
One Star Plus Program
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Fixed |
Rate |
Amort |
Term |
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30 yr |
65% |
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West Coast Only |
Visit our Links Page for Commercial Real Estate Sites, Realtor Sites, Financing Info Sites and Miscellaneous websites. |
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REQUIREMENTS
Three Star Plus Program
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All 50 States
Max 10% Park Owned
50 Spaces or More
75% or More Doublewides
Three Star and Above
85% Minimum Occupancy
Paved Streets
Street Lighting
REQUIREMENTS
One Star Plus Program
Only in WA, OR & CA
Max 5% Park Owned
Mostly Doublewides
One Star and Above
Population 10,000 Plus
90% Minimum Occupancy
Paved Streets
Park LIghting
No Minimum on Spaces
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Why Are Park Owned Units Not Valued In the Appraisal?
Many mobile home parks today have mobile homes owned by the park that are rented to tenants. Although these park-owned units greatly increase the net operating cash flow, the additional income they produce is not considered for additional value in a real estate appraisal. Mobile homes in a park are personal property and are not usually used as collateral for most commercial loans. Typically a mobile in a park can be financed with a chattel (personal property) mortgage.
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