Lender for Rental Manufactered Home on Land
I have a deal under contract that I am trying to get funding for. It is a doublewide on a nice wooded acre of land outside Ft Worth TX for $69K. It was a rental and needs about $3k-$5k of rehab to put it back in service based on the cost of my last two rehabs. I would like to keep it as a rental because I have seven within two miles of it already, but worst case is I can put $5k-$8k in and flip it for $110k based on several comps from the area.
My bank decided that they would rather not do another manufactured home loan currently so I am looking for other options. I know that I can probably get something from 21st Mortgage, but they are a pain to deal with. Does anyone have any other ideas?