Loans for RV and Mobile Home Parks
Mobile Home Park, RV Park and Campground Investors are challenged by the time
it takes to source a quality loan for their unique investment strategy. The Madison Group works for you to arrange alternative loan options from the nation’s top lenders, so you will feel
confident that you have chosen the optimal financing for your long
term investment goals.
RV and Mobile Home Park financing has been one of the Madison
Group’s specialties since 2001. We bring together a team of financing experts with proven results. You will benefit from our relationships
with regional and national lenders. Our reliable capital sources can provide
the optimal financing for loan terms and proceeds. Working with us as your
trusted commercial real estate financing advisors, you will save time and
money.
Our in-house team of experts can help you with all your mobile home park
financing concerns and can help secure the loan that’s perfect for your
financial goals. Call us today, and one of our loan experts will help you learn more
about your financing options: 435-785-8350.
Program Highlights
***We do not finance individual units or loans under $1,000,000.
Loan programs for Mobile Home Communities, MHP, RV Parks, Campgrounds
Minimum loan amount $1,000,000 for purchase or refinance
Recourse and nonrecourse loans
Cash out available
Options available for value-add transaction
Park owned homes and rentals allowed
No upfront broker fees
Forward advance for additional units and park rehab
Do you need financing for Mobile Home Parks that are under performing, in lease up, or have a high percentage of park owned homes? Now there is a lower cost financing option to obtain funding for a value add transaction.
Loan Program Information
| Loan Limits | $1,000,000 minimum loan amount. |
| Rates | Competitive market pricing. Fixed or floating rates. |
| Terms | 3, 5, 10 year fixed terms, and longer 30 year fixed rate options available through Fannie Mae's Loan program. |
| Amortization | 25 to 30 Year Amortization. |
| Prepayment | Several options including no prepayment penalty. |
| Recourse | Nonrecourse loans available (subject to standard carve outs). |
| DSC | 1.25 DSC minimum. |
| LTV | 65% - 75% typical and up to 80% LTV/LTC maximum. |
| Lender types | Fannie, Freddie, Regional Banks, Credit Unions, CMBS, Bridge, Private Equity |
| Size | 25 pad minimum (50 pad minimum for agency, Fannie Mae, and CMBS program). |
| Geographic areas | Most States (secondary and tertiary markets acceptable). |
How
you benefit from working with TMG:
- Create greater cash flow and save time sourcing rates and
terms that increase your cash flow
- We fully analyze your transaction so you avoid pitfalls and
costly surprises
- Receive offers from more than one source
- Accessing multiple lending programs/institutions/lenders
for financing options that fit your needs
- Assistance every step of the way with our team of
experienced commercial real estate lending professionals
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