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Updated 11 months ago on . Most recent reply
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Financing for a self storage & mobile home park property
What types of loans are available for a property of this type? DSCR? Other traditional CRE?
Thank you
Mark Walker
Most Popular Reply
Quote from @Simmy Ahluwalia:
@Mark Walker - There are no conventional "dscr" loans for SS and MHP; however, the actual metric still applies when evaluating the physical ratio performance of the asset classes.
Private banks are really the way to go here and leverage is determined based on POH vs. TOH, location, age/quality of the assets, etc...
I have a DSCR lender for MHPS