Flexible Option for Accessing Capital

[John Boutros]

Hi everyone,

We own several MHP's mostly in the Midwest and are actively acquiring. We are looking for a flexible option to access a pool of money that we can draw on to help with infill of the mobile home parks we own. I turned to asking for line of credit's but what I am finding is most places offering a LOC want our properties to be free and clear of debt in order to provide an LOC. Our properties have debt but cashflow well.

Does anyone know of any institutions or people that would lend cash similarly to a line of credit or some alternate option that would help us with buying homes to move into our properties? I appreciate any insight! Thank you.

John