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Updated 12 months ago,
Where Can You Find Hypothecation Loans?
I work for a manufactured home lender and we're looking for more funding as we expand. I was speaking with someone in the finance space and they suggested a hypothecation loan. After looking in to it, it seems like a better option than selling our notes. Unfortunately, I can't find much information on where to get a hypothecation loan. Any recommendations or insight on that? We have hundreds of notes to back the loan, and it's a solid business model.
The other option is just a traditional loan, but the issue we're having is the term lengths. Our loans go for a maximum of ten years, and we haven't found a lender that offers ten year loans. If anyone has recommendations on business lenders who have long terms, I'd love to hear them.