What ratio or % is a bank looking for to finance a Mobile Home Park?
Is it based on the NOI at time of purchase?
How do they determine the cap rate they will use for there calculations?
The reason I am asking is I am planning on going to the Auction and I don’t
want any surprises from a banker telling me I need to put down an extra
200,000.00 ( for example ) over and above what I was planning for a down
payment because of the way they calculate what they will finance.