Mobile Home Park Leverage Assumptions for modeling

[Hamza F.]

Hello All,

I am currently evaluating/close to signing up a small mobile home park deal and I wanted to sharpen my pencil on my financing assumptions and was curious as to what folks usually model for leverage, coupon and term for a small Mobile Home Park loan ($~300K to ~$400K of proceeds). My usual lender does not finance Mobile Home Parks so I am in the middle of talking to a few other lenders, but wanted to see what folks usually assume as achievable/realistic leverage assumptions?

Thanks