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Wholesale
Fixed Rates
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MFG
Stated
$500,000
- $5,000,000
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| Interest Only Available |
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Select
Professional
$1,500,000
& Up (non recourse)
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| Visit
our Links
Page for Commercial Real Estate
Sites, Realtor Sites, Financing Info
Sites and Miscellaneous websites. |
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5.98%
10 Yr Fixed
Select
Professional
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We
have outstanding financing
available for Mobile Home Parks. No
other program offers loans under $1M, up
to 80% financing, and an amortization
and term of 30 years. Single
wides are acceptable. Parks must be
paved and have lighting. Programs available for both rental-style and tenant-owned mobiles. |
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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.
If you would like to finance a park with a majority of park-owned
homes, call one of our loan officers for professional
analysis and advice regarding your request. We will provide you with
financing options available for properties with
a significant number of park-owned units - even
up to 100%.
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