Looking for up to 750k of short term debt to buy a park that currently cash flows but is under the traditional lending guidelines for occupancy.
The Park:
53 homes all occupied (33 POH’s) Gross Rent Roll AS-IS $21k/month
Max actual park expenses are $6k/month (w/out debt service)
74 Acres C-1 Commercial
185 lot license conforming with LARA
city water / city sewer (sub metered and billed and collected by third party)
138 built pads w/ new gas and electric from local utility companies
plan to install 15-20 homes year one bringing total to 68-73 homes
other vacant residential and commercial building onsite that can and will be rented for additional income. LAMAR Billboard income and more.
Refinance with traditional lending ASAP
Asking for 12 months with two 6 month options
If serious in debt only please message me at michaellovelandrealtor@gmail.com or 248-595-3231
PS additional parks and opportunities available