Financing mobile home park.

[Gene Nelson]

Looking for financing on a mobile home park anyone have advice. 

[Chris Keil]

 @Dan V. The lender I found was from the loan broker https://www.janover.ventures/ I filled out the info, and they matched me with the Lender. The one I matched with was from FL, and I'm in WA, so they must lend to VA as well. I am not affiliated with them, nor do I get any commissions, I am just trying to find the best options for myself.

For the Commercial Loan:
Min Loan $800k
Occupancy rate above 80%
Min 20 lots
Metro >200k people
Housing Price: >$100k
3bedroom apt rent: >$1000

For seller financing terms I look for... are fully amortized loan or a Master Lease with Options

Fully Amortized Loan Terms:
Assumable loan
Buy a loan extension (How much extra % is it worth?
Any additional pay offs for extras still being paid off?
Non-recourse (that way I don't get a penalty for refinancing the loan before the end of the balloon)
Low Interest (4%)
Long loan term (30days)
Low Down (0% Hopefully)

OR A Master Lease with Options...
Master Lease with Options:
(that way I can come into the park and do what I need to do to bring the park up to a well running park, and buy it at part of that price)
Pay the cash flow to the park, or partial payment after I take. What if the park isn't going well? Pay off in 5 years?
$10K down?
Balance non-recorse
Short payment will be loaded to the end of the note, fully amortized loan