Mobile Home Park Financing

We provide mobile home park financing for mobile home park of all sizes. The Mobile Home Park Industry is a relatively recession resistant real estate investment sector that provides superior returns relative to residential income property investments. We do not finance individual mobile homes! Our financing programs cover all areas nationwide. In general, financing programs for mobile home parks are listed below:

Tradition Bank Financing Requirements:

  • Minimum 40 pads or sites, paved roads, lighted streets, skirted coaches in a generally clean environment
  • Maximum Vacancy: 10%
  • Maximum Park Owned homes: 10%
  • Maximum LTV for purchase is 75% and maximum refinance is at 70% LTV subject to DSCR of 1.30
  • Interest rates: 5.99%+
  • Location must be in MSA of 100,000+

Amounts financed: $1,000,000 to $10,000,000.
We do have a small specialty bank that will finance minimum of $500,000; but very picky on location.

Non Traditional Bank Financing Requirements:

We have several Alternative Financing Sources having flexible financing requirement including the following stated income products.

Stated Income Product
Low credit score OK, past bankruptcy OK,
No tax returns required.

  • 2 years + current year mobile home park profit & loss
  • Minimum credit score: 640
  • Minimum DSCR: 1.35
  • Interest rates 7.0%+
  • Maximum LTV: 65%
  • Amount Financed: $200,000 – $2,000,000

Standard Alternative Financing Product
Low credit score OK, past bankruptcy OK
No tax returns OK

  • 2 years + current year to date mobile home park profit & loss statement
  • Minimum credit score: 600
  • Mitigating circumstances – case by case
  • Minimum DSCR – 1.35
  • Interest rates: 7.5%+
  • Amount Financed: $100,000 – $1,000,000

Current terms and conditions are subject to change due to volatile commercial mortgage market. Final terms in Commitment Letter may be accepted or rejected with no cost or obligation.