Suggestions on Loan Brokers


I am under contract on a park in Minnesota for $725K and have lots of available cash for a down payment. I am calling local banks and have not received a high level of interest in financing the park. I did call Security Mortgage Group and was told for a loan of that small size I would be looking at a 3 to 5 year term which seems a little short. I have also contacted MHC Lending (Leah Denesha) multiple times and have gotten no responce. Any other suggestions for loan brokers I should try?

Thank you,

I might be able to help. Where in MN? Can PM if better.

I have found small banks that cater to farms and ranches are very open to MHP lending.

Call any and all FCUs near the park. Ask to speak with their commercial lending department. They will probably be most open to MHPs, and have the best terms.

If you want to PM me I can put you in contact with a lender who will loan on parks in MN.

If you don’t have any luck, feel free to contact me. I would need some more info on the park