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Updated over 5 years ago,
Funding a Mobile Home Park
Hey everyone,
I have been in the forums a lot lately, and I'm wondering on funding for an MHP. I've seen a few deals that I want to look further into. The problem is I have average credit and really no money for a down payment. I know there are companies that will do 100% financing if they bring 50% and say the seller covers the other 50%.
But how do lending companies feel about the down payment being borrowed from private money or a partnership?