I’m looking for private money to close a 185 space 4-park portfolio. Lot rent is $250, and average occupancy is 50%
The parks are in good shape. Revenue is $22,000+ per month, and the real estate comps are $7,466 - $10,849 per space ($10,989 - $18,608 per occupied space).
I’m looking for $400,000 to close. Your security is the value of the parks and the revenue they generate, and the income would be a strong above-average rate of return each month.