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Updated over 4 years ago on . Most recent reply

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25
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1
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Junior Shay
1
Votes |
25
Posts

You can’t use commercial loan on private property?

Junior Shay
Posted

Hello. So I was looking at one of the mobile home parks in and realtor told me it has to be hard money loan or cash since it’s private property. I’m little confused. I can’t buy private property with a loan? If not then why so? Isn’t your home that you are selling is private property and people that buy it use loan? That mobile home is not full mobile home park it’s just they selling certain amount of units. Can someone explain please? 

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