Suggestions on Loan Brokers

mobile home university
1

Hello,

I am under contract on a park in Minnesota for $725K and have lots of available cash for a down payment. I am calling local banks and have not received a high level of interest in financing the park. I did call Security Mortgage Group and was told for a loan of that small size I would be looking at a 3 to 5 year term which seems a little short. I have also contacted MHC Lending (Leah Denesha) multiple times and have gotten no responce. Any other suggestions for loan brokers I should try?

Thank you,
Jason

2

I might be able to help. Where in MN? Can PM if better.

3

I have found small banks that cater to farms and ranches are very open to MHP lending.

4

Call any and all FCUs near the park. Ask to speak with their commercial lending department. They will probably be most open to MHPs, and have the best terms.

5

If you want to PM me I can put you in contact with a lender who will loan on parks in MN.

6

If you don’t have any luck, feel free to contact me. I would need some more info on the park