All Forum Posts by: Khizer Husain

Texas, Alabama, Florida, Kansas

16-32 beds

2-10 million

Thank you 

What are my NON- USDA/SBA options to finance an acquisitions of Assisted Living? I am a first time buyer and will be managing the ALF via management company with 20 years experience. Are there commercial banks or private lenders financing ALF?

Thank you

What are my NON- USDA/SBA options to finance an acquisitions of Assisted Living? I am a first time buyer and will be managing the ALF via management company with 20 years experience. Are there commercial banks or private lenders financing ALF?

Thank you

I hope the NOI does not include the rent of the park owned homes and it is purely based on LOT rent of both POH and TOH.

All banks will appraised based on only LOT income of POH and TOH.

Lendterra does 50% LTV hard money on MHP

I am looking at acquiring an RV park, some things I have come across is that many of sellers are open to seller financing. Every RV park owner I have come across is a mom and pop shop and the RV park sale is basically their retirement package. 

1) What the operational challenges? 

2) Anything to be weary about and look out for specifically while acquiring RV parks?

3) 10%+ cap rates seems too good to be true, especially in in the stabilized parks. Please update me on what I am missing here. 

This is an amazing deal! Please share it with me. I may buy it. Is the cap rate based on lot rent only or POH rent also?

Find another lender. Try private lenders they would charge higher rates, but you may get the appraised value you want. Contact: Lendterra - Carol she’s a private lender 

@Sameer Bhalesha Please name some of the specialized hard money lenders lending on RV parks?

Thanks

@Austin Neal Ok. Can you guys please guide on Lenders for RV Park?