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Updated about 6 years ago,
Non traditional financing for mobile home property
I am currently looking at a property that is .7 of an acre with four tenanted mobile homes in place. I initially thought that I would be able to secure traditional financing but have been told that due to the nature of the property that will not be possible. I looked into chattel mortgages but since it is four units on one piece of land that was also not possible.
At this point should I be looking for a small business loan? Does any one have any insight on how to secure financing in this situation? Thanks in advance.