Does anyone have any experience with floorplan lenders who allow you to rent homes if they are not sold within a certain period of time?
I would like to look at the loan documents to know what I may be getting into.
Thanks!
21st Mortgage CASH program will allow this. Start there.
Thank-you Brandon. I have looked into 21st’s program. Do you know if 21st drafts the rental agreement between the park and tenant or is that something the park is responsible for?
The park will draft the lease but it has to have certain provisions that 21st will expect to see. Some of those are negotiable. Things like, no subletting without permission, etc.