Hello all. I’m an experienced MHP owner/operator who seeking a capital partner for a park I have under contract. I’m looking for a few investors for the deal. I’m putting up my own capital but need an additional $350K.
Seller is holding the note for 10 years on a 20 year am. I prefer a 30 year, and I aim to take him out within 18 months.
I’m willing to pay a 13% preferred return and return your initial investment when a refi happens within 18-24 months. I have a local lender who will lend on the deal once we have 1040’s that show the real income.
I have 5 parks in my portfolio and I currently own a park down the street from this one. I know this market well, and I have management ready. The park is a turn key and no cap ex is needed. Please fee free to contact me for financials.
I have built several 200+ pad market specific portfolios for other investors. All deals were off market and many had seller financing.