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FLORIDA MOBILE HOME PARK LENDERS
Hi BiggerPockets!
First of all, thank you all for your contributions on the BP forums. I’ve learned a ton and continue to do so. I’m in need of a recommendation, I came across an 8-unit Mobile Home Park in Central Florida. Asking price right under $500K. I’m looking to connect with any lenders that would entertain this deal. I’m having a hard time finding a bank that would lend on a park of this size and at this price point. Any help would be greatly appreciated.
Happy Investing!
-Miguel
![Scott Wolf's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/207599/1699303668-avatar-swrealty.jpg?twic=v1/output=image/crop=2012x2012@0x0/cover=128x128&v=2)
@Miguel C., I know some people that would lend, but at that price point, you'd be at 10% and maybe 4 points. Shoot me a PM if you want to discuss it.
Also, have you called the local banks and credit unions?
![Mitchlyn D.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/352247/1660652345-avatar-mitchlyn.jpg?twic=v1/output=image/crop=1170x1170@0x271/cover=128x128&v=2)
@Miguel C. - As Scott mentioned, try a local bank near the park. You would probably get better terms on the deal. Honestly, 8 units for $500K seems really overpriced in my honest opinion. I'm also in the Market shopping around as well. But let's connect and see if we can help each other! :)
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