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Updated over 3 years ago on . Most recent reply

User Stats

16
Posts
1
Votes
Joseph Fernandez
  • Rental Property Investor
  • San Francisco, CA
1
Votes |
16
Posts

Mobile Home Park - Looking for Asset Based Lender

Joseph Fernandez
  • Rental Property Investor
  • San Francisco, CA
Posted

Hey Bigger Pockets Community!

I currently own a 22unit mobile home park in CA that I have made significant income and infrastructural improvements on. As a result I am thinking of taking a loan out based on the property and cashflow. My limited experience leads me to believe an Asset Based Lender is the way to go. I currently have a seller carry payment setup with the seller.

My questions are the following: 

1. Doe anyone have experience in getting a ABL loan on a Commercial property that currently has a seller carry?

2. Is it preferred to use an Asset Based Lender for a Mobile Home Park?

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