Creative financing


#1

Tim,

The lease option is definitely the way to put this deal together. You can also ask for a portion of the option consideration to go for “prepayment of rent”. That way, your cash flow will be good for awhile, giving you time to rent up the park before the lease payments kick in again.

It sounds like the current owner doesn’t want to hassle with the management and you can take this off his hands and he can still receive some income from the property.

Steve Case