I have an 84 space RV park and the term is up on my current loan. If you or a group you work with is interested, PM me.
The lender I had lined up to refinance the deal just fell through today, and I’m looking for either permanent financing or bridge financing until I can get a bank to refinance it with.
The total loan amount is $255,000
2017 revenue was $216,000
2017 NOI was $102,000
I have tax returns to back it up and P&Ls to break down the income/expenses.
Because the lender I had dropped out so close to the end of the term of my existing loan, this would need to be relatively quick, but the good thing is that there are no other liens/loans/etc on the property so the collateral would be a clear 1st position on the property.
I also have a broker opinion of value that the previous lender requested (it’s only about 1.5 or 2 months old) for the property that has it at $1,550,000.