MHPLenders funds Mobile Home Park Financing (MHP) for real estate property developers and owners on a wide-variety of Mobile Home Park Communities nationwide.
The principals of MHPLenders are all active Mobile Home Park Community loan advisors with an average of 25 years of in-depth industry knowledge, experience, and long-standing institutional relationships. Our experienced Mobile Home Park Community Financing advisors and proven turnkey approach deliver distinct advantages for arranging and executing Mobile Home Park Community loans. The tenured MHP finance veterans at MHPLenders are exceptionally committed to the highest level of closing certainty with the most competitive terms, fast execution, and guaranteed client satisfaction in the industry.
Mobile Home Park Community Financing (MHP)
- 30 year Amortization and Interest Only available
- Non-recourse financing to the borrower available
- Interest rates are typically fixed for longer periods of time
- 1.20x minimum debt-service coverage
- One-step construction and permanent loan financing
- MHPLenders offers higher LTV’s then traditional property financing
- MHPLenders finances new construction provides a long-term, fixed rate lock prior to construction
- Longer Amortization options can match increases in lease payments for maximum dollars
Real estate developers and owners turn to us as a market leader for Mobile Home Park Community Financing (MHP).
MHPLenders financing allows clients to fully leverage the lease rental stream from tenanted properties. Mobile Home Park Community Financing (MHP) is structured around the rental income from the whole park, and spreads and interest rates are based on the net operating income. MHPLenders can provide higher loan-to-value (LTV) ratios, lower minimum debt-service-coverage, nonrecourse financing to the borrower, one-step construction and permanent long-term loan financing.
Typical transactions:
Rental/Land Lease Communities:
This is the most common type of mobile home park/manufactured housing community. The owner of the land and mobile home park rent land or, a site, at the park to the owner of a mobile home/manufactured home. The mobile home owner pays rent for the site and all of the amenities and services offered. These Parks are private communities, with the Park owning and maintaining the entire infrastructure including the streets and utility systems.
Manufactured Housing Communities/Parks are like little cities. The owner of the park provides and maintains the complete infrastructure of the community for the residents. In many Parks/Communities this includes recreation and leisure time facilities (club house, pool, spa, exercise rooms, etc.), the roads, utility systems, common area landscaping, lighting, etc.
Call (800) 647-7559 for a specific loan quote from one our Mobile Home Park Community Financing (MHP) financing experts.
