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Financing Manufactured Homes
I have family trying to purchase a Manufactured Home within a Mobile Home Park (Southern California, Pomona area) where they would be paying space rental fees. They have qualified for a loan amount exceeding what they need, but cannot find anyone willing to finance a Manufactured Home on rented space. I know as an investor, I would buy a fixer for cash and turn around and owner finance to a new home owner on a Note. Anyone know financial institutions that would loan on a manufactured home on rented space?