Hi - I have a question about financing terms for parks right now -
What terms are usual for MH parks in this market ?
Is 35 % down payment required - Amortization term 25 years
7 % interest ?
If a park NOI is $ 107,522 What would you offer on park ? -
With a 10 Cap the offering price would be $ 1,075,220
Thank you for feedback and opinions