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Updated over 6 years ago on . Most recent reply

Celeste Fackrell's profile image
Celeste Fackrell's profile image
Celeste Fackrell
  • Rental Property Investor
  • from Manassas, VA
  • Member since Apr 27, 2015
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Celeste Fackrell's profile image
Celeste Fackrell's profile image
Celeste Fackrell
  • Rental Property Investor
  • from Manassas, VA
  • Member since Apr 27, 2015
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Celeste Fackrell
  • Rental Property Investor
  • Manassas, VA
49
Votes |
68
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Mobile Home Park Investing

Need a North Carolina bank to lend on a Mobile Home Park.

Celeste Fackrell
  • Rental Property Investor
  • Manassas, VA
Posted

Hello, everyone.

I am in the process (made the deal), of buying my second Mobile Home Park.  This one is a small park in North Carolina.  

Can anyone direct me to a North Carolina Bank that will do a conventional loan on Mobile Home Park?

Thank you!

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Ian Tudor's profile image
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Ian Tudor
  • Specialist
  • from Charlotte, NC
  • Member since Mar 19, 2013
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Ian Tudor's profile image
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Ian Tudor
  • Specialist
  • from Charlotte, NC
  • Member since Mar 19, 2013
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Ian Tudor
  • Specialist
  • Charlotte, NC
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Ian Tudor
  • Specialist
  • Charlotte, NC
Replied

@Celeste Fackrell - yes, I’ve closed several deals with Entegra in NC. However they only play in the western part of the state. Out of state guarantors isn’t an issue with them. 

Another bank that we have spoke to and showed interest in MHP with a NC presence is Southern First. I’ve never done a deal with them though. 

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