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Updated almost 5 years ago on . Most recent reply
Lenders for Multifamily (5+) or Mobile Home Park
Can anyone recommend lenders for Multi-family or mobile home parks? I am starting to develop a few relationships here locally, but I am wondering if anyone on here has had a good experience with a lender that they would recommend. I live in Michigan and I'm looking into a 20 unit mobile park with 7 apartment properties. Any suggestions/guidance would be greatly appreciated..
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Frank Rolfe
#1 Mobile Home Park Investing Contributor
#1 Mobile Home Park Investing Contributor
- Real Estate Investor
- Ste. Genevieve, MO
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Frank Rolfe#1 Mobile Home Park Investing Contributor
#1 Mobile Home Park Investing Contributor
- Real Estate Investor
- Ste. Genevieve, MO
Call Security Mortgage Group. They are loan brokers and can get a loan on virtually any mobile home park as long as the deal is $750,000 or more. Under that you're stuck with either seller financing or small-town local banks.