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Mobile Home Park Mortgage Loan Finance Lender

Direct Money Lenders offers low, fixed mortgage rates & permanent long term financing for Mobile Home Parks. We also offer direct "in house" underwriting approvals for higer cost, shorter term, bridge financing solutions. Hard money loans for mobile home parks and manufactured housing communities located in average to above-average locations on a Nationwide basis are available. Direct Money Lender's experts will give you a quick and HONEST answer.

The mortgage rates for a mobile home park is directly related to the overall risk of the property & brrower given each unique situation. Not all mobile home park capital sources are the same and we CAN be flexible in underwriting.

Each park is underwritten using a 1 to 5 star system. 1 star being dirt/gravel roads, no amenities, older mobile homes, numerous park owned homes, high single wide ratio, etc - 5 star mobile home arks would suggest paved roads, curbs & guttered streets, lot rent controlled, individual meters, concrete pads, pool, clubhouse, well located metro areas, etc.

Depending on the location, quality of the park, loan amount, documentation provided, & timeframe necessary to close we strive to provide the lowest mobile home park interest rate and best possible term given our unique situation.

Examples of solutions Direct Money Lenders provides either directly or through the use of our capital partners include bridge loans - Hard money Loans - HUD financing - Fannie Mae financing - Portfolio Lenders - Conduit mobile home park lenders.

With competitive fixed interest rates leverage to 85%, low closing costs, our mobile home park loan program is one of the most competitive and flexible financing programs available.

Call us today - 317-663-3153 - Virtually all Commercial Property Types Considered!

Mobile Home Park Loans General Guidelines:

Eligible Properties Average to above-average mobile home park and manufactured housing properties with a minimum of 10 pads or sites.
Maximum of 10% Recreational Vehicle use is typical.
Minimum Loan Size $100,000 - $10,000,000+
Pricing Tiered pricing based on LTV and DSCR
We can work with many document types and FICO scores
Loan Terms 2 - 30 year fixed terms with 20 - 25 - 30 year amortization - Interest only possible
Prepayment None - Defeasance - Yield Maintenance - Declining
Personal Guarantees Recourse or Non-recourse with standard carve outs for low leverage deals
Minimum DSC 1.00 - 1.25
Loan-to-Value 85% maximum
Occupancy Requirements Stabilized or not stabilized properties considered - 12 month trailing cash flow should support minimum DSCR requirements for max LTV.
Third Party Reports Appraisal
Phase I environmental or insurance
Property inspection (if necessary)
ALTA land survey
Preliminary Submission Package For Mobile Home Park Financing: Include the following in your request for a Mobile Home Park Loan quote:
1. Property description, address, & current debt structure - Well written summary of the goals
2. Representative color photographs - (6 - 7 preferred)
3. Operating statements - YTD & prior - (2 - 3 years preferred)
4. Personal and business tax returns - (2 - 3 years preferred)
5. Current rent rolls
6. Sources & uses
7. Sponsor(s) resume

Direct Money Lenders has the ability to finance Mobile Home Parks in the following states:

Alabama Alaska Arizona Arkansas California Colorado Connecticut
Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana
Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire
New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina
South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Don't take our word for it...

"Direct Money Lenders closed Mobile Home Park loans located in California with a low interest rate. My 63 pad Mobile Home Park was performing but, my current lender went out of business and I needed help.Direct Money Lenders was able to take charge and close my deal in under 30 days. Thank you!

Barbara Lewis, Phoenix, Arizona

"The loan officers at Direct Money Lenders are very HONEST, professional, and hard working. I was impressed with the quick close times and clear expectations of what to expect during the process."

John Bates, Las Vegas, Nevada

Direct Money Lenders has the ability to finance virtually any commercial property type Nationwide:
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