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Updated over 4 years ago,
Financing Mobile Home Park's with 80-90% POH
Any lenders finance mobile home park owned homes with 80% park owned homes? Strategy would be to convert all renters into rent-to-own model.
I am getting 50% Seller Financing with 2nd position and looking for a bank that could do 30-50%.
Please guide on financing and strategy of converting current tenants to rent to own.
Thanks