MHP Financing Options

[April Eilers]

We own a mobile home park in Nevada that we are selling ($320k). We have had a number of buyers that are interested but can't get financing due to the fact that we only have one year of rent rolls. Most lenders seem to need 2 years of historical information. Do you know of any traditional commercial lenders that would write a loan without 2 years of historical info? Otherwise, do you have suggestions for alternative sources of financing that I could suggest to my buyers? Is hard money the only option? Thanks in advance!