Anyone know of any good lenders to use that pay premiums on mobile home parks? I have a few lenders but would like to see if anyone can beat there deal. Here’s the summary of what I am in need of:
Have a client that has high 700+ score. We need a stated income program. It’s purchase price is $1.3mm and need 80% LTV%. The property is a mobile home park + RV storage facility. If you can do this, please give me your info.
Have operating income summary statement and Financial Summary…
Assumable existing loan balance is available
100% fully occupied
California property
4 acres
21 total spaces
What kind of loan programs do you have available for properties of this type?
Looking to broker not co-broker…
no hard money.
thanks.