Mobile Home Park Financing
Mobile home parks and manufactured housing communities have many available financing options, from Fannie and Freddie to bank and CMBS loans.Better Financing Starts with More Options$1.2M offered by a Bank at 6.0%$2M offered by an Agency at 5.6%$1M offered by a Credit Union at 5.1%Click Here to Get Quotes
Manufactured housing properties, also known as mobile home parks, offer great investment opportunities for multifamily investors.
Ignore the common misconceptions about manufactured housing — they offer stable income and can be extremely lucrative investments, provided you manage your assets properly and do your market research. In other words, they're not unlike most other types of multifamily assets.
There are a wide range of loan options available for mobile home parks, including:
- Freddie Mac Manufactured Housing Community Loans
- Fannie Mae Manufactured Housing Community Loans
- CMBS financing
- Permanent bank financing
And that's only scratching the surface. Loans can start as low as $1 million and offer leverage at a loan-to-value ratio of up to 80%.
Mobile Home Park Financing Requirements
While some lenders may have different requirements, the list below highlights what is typically required for most manufactured housing loans.
- DSCR of at least 1.25x or 1.30x
- Existing and stabilized
- 50+ pad sites
- 90%+ tenant-owned homes
- More than 50% doublewide
- Off-street parking
- All roads must be paved
- All hitches must be concealed
- No option to purchase pad site on leases
With so many options to choose from, it can be difficult to know if you've found the best deal for your investment.
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