Indiana- Mobile Home Park Mortgage Loan Commercial Money Purchase Financing
 

We offer low fixed rate permanent financing or bridge financing for mobile home parks and manufactured housing communities located in average to above-average locations Nationwide.

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With competitive fixed interest rates leverage to 90%, and low closing costs, our mobile home park loan program is one of the most competitive financing programs around - Dare to compare.
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Call us today - 800-838-1889 - Virtually all Commercial Property Types Considered!

Indiana Mobile Home Park Loan General Guidelines:

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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.
Minimum Loan Size $100,000 - 5 million+
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 25-30 year amortizations.
Prepayment None - Defeasance - Yield Maintenance
Personal Guarantees Recourse or Non-recourse with standard carve outs
Minimum DSC 1.00 - 1.25
Loan-to-Value 90% maximum
Occupancy Requirements Stabilized properties - 12 month trailing cash flow must support minimum DSC requirements - Can look at non-performing parks
Third Party Reports Appraisal
Phase One Environmental
Property Inspection
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 and address
2. Representative color photographs - (4-5 preferred)
3. Current rent roll and year-to-date operating statement
4. Operating history - prior 3 years - (if available)
5. Completed application
6. Existing debt structure
7. Sponsor resume 

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

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
 

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Don't take our word for it...

"Direct Money Lenders closes Mobile Home Park loans.  My 63 pad Mobile Home Park was under contract and my current lender went out of business.  Direct Money Lenders was able to take charge and close my deal in under 30 days and keep the deal alive.  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, Goshen Indiana

 

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