Mobile Home Park Financing: What should I look out for?

[Will Gaston]

All:

Looking at a trailer park that a very trusted agent has told me is a fantastic deal.  I've gotten plenty of loans before but never on a MHP.

What kind of financing terms are standard on a park? Amortization, Down Payment, Rate, etc?  Are there are any portfolio lenders out there that will allow the borrower to cross collateralize? Anybody have luck with credit unions?

Would like to run the numbers but not sure what to run with yet.