In researching financing a park, it seems that I’ve come up against one potential roadblock:
Is the max value of the park you purchase limited to your net worth?
Say you have 500k for a down payment, but that cash is the majority of your net worth. If you use it as your down payment to leverage into a 2M park, will most banks limit you to 500k since that’s your net worth? That makes it seem impossible to leverage financing in that scenario. Any input would be appreciated!