Bank - Louisiana


#1

Can anyone recommend a bank in Louisiana that lends for mobile home park purchase?


#2

Sabine State Bank in Many, Louisiana
Teche State Bank in Lafayette, Louisiana


#3

Thank you Kris. Do you have a contact that you can refer at Teche?


#4

No. The only reason I know they do is because I bought 2 parks from a guy who had them financed through Teche.


#5

Ok thank you. I think the Teche you may be referring to was Teche Federal. They were purchased by Iberia Bank and unfortunately don’t care for park loans to the degree that Teche did.


#6

Sorry to hear that. I have no dealing with them, just remember that name coming up during title work. Sabine Bank is easy for me, but I have a long standing relationship there so I think it’s less about them doing parks and more about the person borrowing the money.


#7

Are you looking for financing? My name is Kurt Wilkerson and Vanderbilt Mortgage finances parks nationwide. You can call us at 1-800-309-5008.


#8

I work with Evangeline Bank in Ville Platte. They financed parks for me at attractive terms.


#9

Thank you for the suggestion.


#10

There’s a bank in Jennings called The Bank. I know they will finance a park if the numbers are right