I own and operate 5 mobile home parks, and am interested in doing more passive investments in the future rather than just continue to expand my portfolio.
If any park buyers with 0-2 parks are in need of financial and/or professional assistance on a park under contract or close to being under contract I’m happy to take a look at the deal. I can provide downpayment funds, rehab funds, help secure bank financing (I’ve closed 7 bank loans), and operational guidance. Feel free to private message me.
There is no hard and fast rule and it would depend on the deal. I’d need a higher rate of return on a deal where I’m putting in all of the equity on a dicey deal that’s a heavy lift with private utilities vs doing a hard money loan that’s well collateralized. I’m using my own cash though, so I’ll do any deal that seems like a reasonable rate of return given risk and liquidity.
My name is Blake Perlman and I am the head of equity placement at Yale Realty & Capital, 2019 MHI Lender & Broker of the Year. Please send me an email at blake@yaleadvisors.com and we can set up a call to talk about some of the proven operators I am currently facilitating capital.
I am also very open to this arrangement. Sole owner of many parks, all of which I operate overseeing onsite managers. Have closed all types of loans - recourse and non-recourse. Am overcapitalized and am currently recapping much of the portfolio as well. PM if you’d like to discuss.
Noel: I have two mobile home parks that I’m looking to get financing for and close on. Can you email me your contact information? Byron Gashler (385) 355-0383 (cell) Email: mogel007@gmail.com
