Funding a Mobile Home Park

[Ethan Wilson]

Hey everyone!

Wanted to get some thoughts/advice on this - I'm looking at a investing in a mobile home park (purchase price will be around 550k). After all expenses, it cash flows almost 4k per month half the year, and $4,500 the other half (seasonal lawn care that the current owner has in place). However, I only qualified for a loan of 65%, leaving me to come up with 35% down, which I don't have. I've tried to look into some private / hard money loans, but borrowing that much money seems to eat up almost all the cash flow. 

Does anyone have any thoughts about different ways to fund or structure the deal? The owner has already turned down seller financing.

I appreciate any thoughts and feedback!

Thanks