Mobile Home Park
Mortgage Program
Eligible Property Types:
Class “A” and “B” mobile home parks with a minimum of 50 spaces.
Loan Parameters
Loan Types: Ten year fixed rate, non-recourse, balloon loans with
amortization schedules up to 30 years; sever-year terms considered on a
case-by-case basis with a pricing adjustment.
Security: First mortgages secured by mobile home parks on fee simple
land.
Principal Amount Range: $2 Million and higher.
Interest Rate: Available upon request.
Debt Service Coverage: Minimum of 1.20 times depending upon
property type, age, physical condition, location and market condition.
Loan to Value: Up to 80%.
Prepayment: Defeasance.
Secondary Financing: Prohibited; may be permitted under certain
limited conditions on a case-by-case basis.
Application Fee: $2,500 non-refundable inspection/loan processing
fee payable to lender with the loan application, will be credited to
origination fee at closing
Origination Fee: 1%
What We Do
Lending Programs
Property Types
Application Forms
Global Financing Solutions
Short Term Commercial
Float to Fixed
Small Loan Programs
Hard Money Loans
Credit Tenant Financing
Mezzanine
Multifamily
Office
Health Care Financing
Hotel & Resort Financing
Auto, Marine & Equipment Financing
Mobile Home Park
FHA & Fannie Mae Products
Self Storage
Retail
Industrial
SBA Programs
Factoring and Business Finance
Small and Rural Hospital Finance
