MHP financing for deal with 50% vacancy

[Joshua Schoer]

Hi,

My partners and I have come across a value add deal with huge upside. However we can't seem to find financing even though it is already cash flowing well because it is about 50% vacant and about half of the homes are park owned. The purchase price would be about $735k and it is 113 pads on city utilities.

Between us we own a few parks, so we have experience managing, and can show decent income and net worth.

I believe we can find investors for the deal, but don't want to do so if we can't get financing.

Any help anyone can provide would be great.

Thanks

Josh