We own a park in Arkansas—we purchased like 2.5 years ago with private money. We’d like to refi out the investors and and use the money to do improvements and also purchase new homes to do infill. What is the best route for institutional financing? Thoughts?
Loan amount? Additional cash out other than infill? Number of POH now and after infill…if any? Recourse or non-recourse? Manufacturer of new homes for infill? Having the answers to these questions will possibly help others steer you in the right direction. If the loan is over 1MM I have a starting point for you. DM me.
Sam