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Updated over 7 years ago,
MHP Lenders for Midwest states (OH, IL, IN, etc)
Hey fellas,
Trying to find some good lenders who might be able to go up to 75-80% on some MHP parks in OH/IN/IL or other Midwest states. Myself and other business owner friends are looking to find some safe deals to park our cash, and will want to find a good way to lever up on the financing. Lower LTV is okay on a case-by-case, but higher the better.
Most of the parks we're looking at have city water/sewage, paved roads. I know these are usually two factors they like to see, but I'm a numbers guy not the subject matter expert here, errg.
Any input?