Mobile Home Park

Loans are available for mobile home parks.  Features that lenders are looking for are a low percentage of park owned units, low number of recreational vehicles in the park, paved roads and on the sewer system.  Call us to evaluate your property to determine what issues lenders will use to determine loan amount and feasability.

Recent Mobile Home Park Transactions

Mobile Home Park

Mobile Home Park
Maine
$1,800,000

 

 

Sample Transactions

Westwood Apartments

Westwood Apartments
Albany, Georgia
$5,700,000

 

Current Rates (07/30/2010)

  • Apartments 4.84%
  • Mobile Home Park 5.04%
  • Anchored Retail 5.49%
  • Non-Anchored Center 5.14%
  • Single Tenant Retail 5.09%
  • Office 5.14%
  • Industrial / Flex 5.04%
  • Self-Storage 5.44%
  • Medical Office 4.94%
  • Hotel 6.94%
  • Owner Occupied 4.94%
  • Land 8.94%
  • Other 6.69%

Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.

 

Current News

The Second Quarter Ended on a Soft Note

The economic data out of Europe also brightened significantly, reducing market fears of a double-dip in Europe.