Loan brokers for a park at $600,000


#1

I’m under contract on a park in Indiana for $600,000 and I’m wondering if anyone out there has contacts for loan brokers that deal with parks at that price range? Thanks in advance!


#2

What town is the park in, Gulliver?


#3

Gulliver, I have a private money broker I have used in the past that could help you out. PM me, or better yet email me directly at zbradigan@gmail.com and I can introduce you two.

He may not be able to, so I’d have a back-up plan, but he is able to pull through in a pinch most times.


#4

it’s in a small town near Salem, IN


#5

Try MJ at Bellwether and or Pierce at Security Mortgage. The deals may be too small for them but it is worth a shot.


#6

Yes, I’ve heard of both and I’m going to reach out to Security Mortgage. Thanks Jim I appreciate it!


#7

Do you know if Security Mortgage has rules about how many POHs the park has?


#8

Security mortgage is just the broker, all lenders are different and they will probably be able to work with you.


#9

I believe Bellwether has a $1mil loan amount minimum.


#10

The problem I see here is the population. Minimum population 500 people per square mile or 200,000 per county.


#11

Email me at steven.segal@icic-usa.com


#12

I’ve tried both MJ and Pierce for refi on my park. 132 lot, 92% occupied, no POH, southeast. Pierce could not help and he was not very clear why. MJ took too long and best service and communication came form Doug at Crefcoa. One more option. Give him a call.


#13

Jog, what’s your email? I’ll shoot you an email.


#14

We would love to take a look at this park or any others you have down the road. Give Kurt or Chris from Vanderbilt Mortgage a call at 800-309-5008.


#15

VMF, email me at MHCinvestor@gmail.com and I’ll send over more info. Thank you!


#16

Yes MJ said it’s a $1M min


#17

VMF, email me at MHCinvestor@gmail.com and I’ll send over more info. Thank you!!


#18

CREFCOA has a limit to the amount of POHs to have though


#19

Gulliver, anytime, jogmd@earthlink.net