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Updated about 1 year ago,
Seek Private Lender or Equity Partner- Mobile Home Park purchase
Hi BP Investors,
I am a seasoned real-estate investor with 14+ Flips successful renovated and sold properties completed in ATL and Chattanooga. I've got a great opportunity for a private investor or private lender looking to lend or co-invest on a Mobile Home Park acquisition (8+. I am looking for an investor with an appetite and/or experience with Mobile Home Parks to make this deal happen with me.
Park Overview:
8 existing homes (7 park owned)
Expansion capabilities (zoning completed)- 12 lots
Investment Opportunity:
MHP Purchase Price: $170K
Renovation: $75K
ARV: $345K
#1: Private Loan Opportunity: up to 80% of Budget
Interest Rate: 15%
Term: 6 months
#2: Private Equity Opportunity: up to 90% of Budget
Return: 6% quarterly dividend + Principal payback at 8% interest rate
Term: 24 months
(Rent Roll Attached)