I am close to getting a small first park under contract and will soon need to start contacting banks. Does anyone know of any banks in the St Louis area who are mobile home park friendly for a $300k loan? I am going to call around but thought if I could get a couple recommendations it would save me some time. Thanks.
If this is through the broker, ask them for suggestions. They should know who would finance this deal.
No broker involved on this one. Off market deal with an owner who does not currently have it financed so I cannot just go to his bank. Unfortunately he will not owner finance. Tried that angle already.
Are there any banks in the same town as the park?
I’ll follow because I’m in the same situation in Central, IL. If I find something I’ll try to reach back out to you.