Getting a loan for your Park during these uncertain times

Just a note to reassure the MHC owners, that loans are still being made on your asset type. Many sectors of the market are under duress, and some lenders are in a holding pattern until the market straightens out. The multifamily/MHC space is still on favorable ground.

Stay safe and healty, keep a positive outlook.

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One of my primary bankers is willing to loan for new acquisitions. However, he mentioned that if a borrower puts mortgages in forbearance (as some have suggested doing for 90 days in another thread), then he cannot issue loans for new acquisitions.

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Good time to look for seller financing terms to your advantage and installment sale tax benefit for seller