To determine which product or service best meets your needs select one of the following.
Mobile Home Park Refinance - Convert
your "trapped" equity into cash. Use the cash from your
Mobile Home Park Loan for expansion or other investment.
Mobile Home Park Acquisition Financing
- Enter the Mobile Home Park business with one of our
competitive rates and flexible Mobile Home Park Acquisition
Loans .
Common Borrower Mistakes
- What are the most common and costly mistakes made by borrowers
in both Mobile Home Park Acquisition Loans and Mobile Home Park Refinance Loans.
Mobile Home Park Refinancing
There are a number of reasons a Mobile Home Park owner may want to consider refinancing his Mobile Home Park Loan, such as pulling out cash or obtaining funds for an expansion.
For Mobile Home Park Loans $1,000,000 plus, we offer a number of loan features that we can tailor to fit your refinancing needs
Below are some of our many loan features that you can select
from:
- Loan to Value up to 80%
- Low Debt Service Coverage of 1.20 to 1
- Fixed interest rates for up to 15 years
- Amortization periods of up to 30 years
- Interest only for up to 24 months
- Interest Rate Locks for up to 60 days
- Low fixed third party closing cost
- Non-recourse / Recourse
- Loan closings of 60 days or less
- 3 yr and 5 yr step down prepayment available
- 3 yr Interest only loan available ($2 million+)
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Mobile Home Park Acquisition Financing
Just a few of the reasons you should consider using S & W to obtain your Mobile Home Park Acquisition Loan are as follows:
1. Outstanding Loan Terms
Mobile Home Park Acquisition Loan Terms - our terms for Mobile Home Park Acquisition Loans of $1,000,000 or higher are the best in the industry. They feature such terms as:
- Loan to Value up to 85%
- Low Debt Service Coverage of 1.20 to 1
- Fixed interest rates for up to 15 years
- Amortization periods of up to 30 years
- Interest only for up to 24 months
- Interest Rate Locks for up to 60 days
- Low fixed third party closing cost Non-Recourse
- Non-recourse / Recourse
- Loan closings of 60 days or less
- 3 yr and 5 yr step down prepayment available
- 3 yr Interest only loan available ($2 million+)
2. We Handle Everything!
We manage the Mobile Home Park Acquisition Loan closing process each step of the way . S & W’s many years experience working with the sellers, the real estate broker, the buyer’s attorney, etc in obtaining and closing Acquisition Loans has proved to be very beneficial to Mobile Home Park buyers.
3. Experienced Professionals
Matt Lexow Gray would be glad to assist you in evaluating your prospective Mobile Home Park Acquisition, reviewing the purchase contract, and if appropriate helping you obtain a Mobile Home Park Acquisition Loan.
Note: The above services and products apply to Mobile Home Park Acquisitions of properties that have at least 75% physical occupancy level and have a purchase price of $1,250,000 or higher.
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Common Borrower Mistakes
The Mobile Home Park Refinancing process does not have to be complicated or stressful. One way to ensure a smooth process is to learn from others mistakes. Below are some common mistakes to consider before you start the Mobile Home Park Loan process.
Mobile Home Park Acquisition/Refinance Loans
- Not exploring all available Loan products
- Using an inexperienced lawyer
- Failing to negotiate deal points in the Loan offer letter
- Failing to "adjust" actual results when appropriate to maximize your Loan amount.
- Failing to use an experienced Loan Broker
- A buyer failing to negotiate that the seller deliver key items needed to obtain a Acquisition Loan
- Not calculating your "breakeven occupancy" before you invest
- Being too aggressive with Financial Projections
1515 Mockingbird Ln. Suite 500
Charlotte, NC 28209
Phone: 888-525-9081
Fax: 704-525-9084
Bill Walton: bwalton@sandwgroup.com
Matt Lexow Gray: mlexowgray@sandwgroup.com
Call or email Matt Lexow Gray to discuss how you can avoid making
common borrower mistakes. 888-525-9081 or mlexowgray@sandwgroup.com
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