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Updated about 5 years ago on . Most recent reply

Jake August's profile image
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Jake August
  • Rental Property Investor
  • from Schenectady, NY
  • Member since Sep 6, 2018
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Jake August's profile image
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Jake August
  • Rental Property Investor
  • from Schenectady, NY
  • Member since Sep 6, 2018
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Jake August
  • Rental Property Investor
  • Schenectady, NY
1
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Mobile Home Park Investing

Financing for Mobile Home Park

Jake August
  • Rental Property Investor
  • Schenectady, NY
Posted

Anybody know where and how to get financing mobile home parks? Any help would be appreciated, thank you!

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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
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Frank Rolfe#1 Mobile Home Park Investing Contributor
  • Real Estate Investor
  • Ste. Genevieve, MO
Replied

If it's under $750,000 loan size then you have two shots:

1) seller financing

2) local bank financing

If it's $750,000 or greater in debt then I would call Security Mortgage Group (loan brokers) and let them find it for you. They have access to two additional loan products: 1) conduit and 2) agency.

Very few mobile home parks can't be financed if you are diligent.

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