Mobile Home Park Financing
Summary: The Madison
Group (TMG), a leading national lending source of Mobile Home Park financing,
arranged the $2,150,000 cash out bridge loan for MHP in Oregon.
The borrower’s goals were to get cash out from her refinance
of Mobile Home Park to purchase a SFR. There was a short timeline to close this
loan due to the contract date of the SFR purchase.
TMG sourced the right lender that could close in time
allowed. The team faced many challenges along the course of underwriting. “We
stayed in close contact with the seller’s agent to keep her apprised throughout
the whole transaction. We did have a delay closing of the 7 days due to
COVID-19, but were able to get this loan closed for the borrower” said Brandi
Link, the lead originator at TMG.
Property: Mobile Home
Loan Amount: $2,150,000
Interest Rate: 7%
Term: 3 Years with