Best loan providers for MHPs

[Dominick Dahmen]

Hey everyone,

Who do you use to fund your Mobile Home Park purchases?

[Jack Martin]

@Dominick Dahmen the best banks to approach will be local or regional banks. You can find out which banks have an appetite for parks by asking the MH/RV brokers in your area. Otherwise, there is a bit of legwork involved, but it's not too hard. Get a list of the smaller banks in your area and just call them to see if they lend on MH/RV parks.  You should be able to tell pretty quickly if they like MHP or not, based on their response.  The terms you will be able to get from a bank who likes them and one who is not familiar with them will be drastically different, so make sure to do the legwork to find the ones who do.