Mobile Home Park Mortgage Lender - Lending Solutions...

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 & borrower 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 parks 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 your 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 fnancing - 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 - 800-838-1889 - 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 $50,000 - $5,000,000+
Pricing Tiered pricing based on LTV and DSCR
We can work with many document types and FICO scores
Loan Terms 1 - 30 year fixed terms with 20 - 25 - 30 year amortization - Interest only payments
Prepayment None - Defeasance - Yield Maintenance - Declining
Personal Guarantees Recourse or Non-recourse with standard carve outs
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
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
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

If you are looking for more lenders - banks, credit unions, brokers, private money, hard money lenders for your mobile home park you have come to the right place….We offer many loan options for mobile home parks, and mobile home financing and mobile home refinancing parks and communities. Not the individual mobile home itself.

Many mortgage brokers, referring sources and banks rarely lend on this asset type due to a variety of underwriting concerns. Direct Money Lenders specializes in this industry and considers the unique needs of parks whether there are park owned homes, large ratio of single wide trailers or lack of documented income.
Loans for Mobile Home Parks - Financing and Refinancing available Nationwide.

In today's market it can be a challenge to find the best financing for your mobile home park purchase or to refinance an existing mobile home park loan. We are still active in this market and will match your park with the best rates, loan-to-values, and other terms for your mobile home or manufactured home community financing needs.
When seeking financing for your mobile home park purchase or refinance, you want to be assured that you are dealing with a lender that is honest and will you get you the best rates and terms. Direct Money Lenders has been in business since 2003 and the professional loan officers understand the underwriting challenges and can answer any of your questions

We are here to provide advice and assistance on all of your Mobile Home Park financing questions.

Fixed Rates are offered, so your payments will never fluctuate.
No Balloon Payment Option - Available on these loan products. You never have to worry about a deceptive buyout payment at the end of the loan.
Be careful when shopping for rates! - Longer term amortization can increase the rate but, also provide higher cash flow ratios.
No Application Fees! - We are confident you will find rates and service to be the top in the industry. We value your business and never an application fee.
No Surprises! - We strive to keep you informed every step of the way.

Don't take our word for it...

"Direct Money Lenders closed our Mobile Home Park loans located in Southern California with a low interest rate. 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 in 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, Lakeland, Florida

Direct Money Lenders



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Mobile Home Park Financing

Bridge loans are available for virtually any type of borrower or park condition.

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With years working experience in the mortgage lending industry, Direct Money Lenders has always set ourselves apart from our competitors by providing top quality service by instilling the importance of HONEST customer service in our corporate culture.

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