I would like to hear some comments from those who have done this as well. Even though I am in a park already, I did not have much to do with the financing of the park (fellow investors took care of that) and we didn’t use banks.
What I know so far is most banks who finance parks will finance at 80% to 90% Loan to Value (LTV). That means if a park is listed for $450,000, you would have to come up with $45,000 to $90,000 down. If you have partners, investors or your own cash, use that as a starting point to figuring out what you could afford.
If you can get the cash (relatives, investors, etc) then go out and search for a park that fits your needs (cost, location, situation, etc). Once you find one, make an offer, get it under contract and do your Due Diligence. If it looks right and the numbers work, start making applications for financing.
If anybody here has any better advice, please chime in.