Bridge loan recommendation for MHPs


#1

We are purchasing a park with solid fundamentals but some cosmetic update needs. Banks balk after a drive-by as they see that the park is not in good cosmetic condition. Would you recommend a bridge loan for 12 months or so, or even hard money? If so, any recommendations on bridge loan lenders that do MHP?


#2

I think on some of the lender podcasts on the bigger deals , i have heard of loan products with a built in rehab component ( maybe moreso for infrastructure). Might be something to check into depending on deal size?


#3

Feel free to call me to discuss. I need some more information to see what it might qualify for.

Paul J Sofia
Commercial Capital Resources
P- 980-621-7760
F- 704-436-4019
Email: Paul@CommercialCapitalResources.com
Website: www.CommercialCapitalResources.com


#4

You may also want to check with MJ Vukovich at Bellwether Enterprise. MJ has extensive knowledge of this industry, especially the financing side. I believe their minimum loan size is $1mil.


#5

Shoot me an email at steven.segal@icic-usa.com.

I have done several of these for different groups.


#6

www.costamhpfunding.com