Mobile home parks are undoubtedly an important multifamily market niche. There are many important factors to consider when buying or refinancing a mobile home park. Although misunderstood by many, mobile home parks serve as wonderful, stable, income producing assets and can be fantastic investments if well managed and purchased correctly. Although many advisories and lenders are unaware, there are a wide array of product options for mobile home parks, including, but not limited to CMBS Loans, Fannie Mae Loans, and permanent bank financing. With the right property, lenders should be fighting to offer competitive loan terms. Loans start at $1 Million and leverage ranges from 75%-80% LTV. The following are a short list of guidelines for financing manufactured housing communities.

  • DSCR 1.25 - 1.30
  • Existing & Stabilized 
  • 50+ Pad Sites
  • 90%+ Tenant Owned Homes
  • Skirting
  • 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

Loan Uses

Construction
Capital Improvements
Full Rehabilitation
Refinancing
Acquisition 

Loan Types

Permanent Financing
Bridge
Construction
Mezzanine
Jr Equity