I’m part of the investor relations team at one of the largest MHP syndications in the country and we’re on our fourth year of this syndication and over 20 years in the MHP space.
The last 3 years we’ve taken in around $80M in investment each year with over $200M each year in purchases. Unlike most syndications we have no intentions of selling these assets so the accelerated depreciation we return to investors in the ~120% range against investment in year one has minimal recourse liabilities with recapture.
Our overall strategy is to hit refinances on all parks in the syndication by year 6 with all principal returned to the investor and then we go to a 50/50 split where you’ll enjoy passive income in perpetuity as we will be aiming to hold the assets. We pay a 5% pref with all returns above that level going towards payback of principal until we hit refi’s on all properties in that years syndication.
Our minimum investment is $200K and you must be accredited to invest. If you’re interested in investing please reach out to me at Ryan@theboavidagroup.com. Please also see our website at https://theboavidagroup.com.
Thanks!
Ryan