There seems to be a lot of people new to investing in parks here. Not only do you need to know what to look for in a park but you also need to know what type of loan is best for your situation.
The 2 main factors I think are the most important in buying a park are how many homes are owned by the park and what is the parks occupancy rate.
These 2 things will be the foundation to what type of interest rate you should expect.
If the park has many park owned homes or a low occupancy rate-you can expect a higher rate as there is more risk to the lender taking on this park.
If the park has a few or no park owned homes and the occupancy rate is 75-85% you can expect to get a wholesale bank rate with a broker such as myself.
Any questions feel free to email me.
Lisa