Mobile Home Park Financing

[Daren Jones]

I lost my bank...they had a cease and desist issued by the FDIC for lending out of area.

I have several commercial loans on several different types of properties with this bank and all of a sudden, done. No more lending so my search continues. 

The M.O. for my company is buy distressed with cash or hard money, stabilize and refinance to hold. I run into a few variables with this. Most of the time the bank wants 1-3yrs financials on the property and when I purchase them from banks or various sources there are no financials until I purchase. The other big variable is using the new income once stabilized as well as the new value. Lastly, the properties I buy, because I am not a big investor or a big fund, are usually outside of a metropolitan area. 

The park I currently have is 43 units in rural N.E. Oregon that I need to refinance. Any suggestions on common sense banks would be appreciated. I am looking to retain and would prefer a long term solution not hard money or short term. 

Thank you in advance for any suggestions.