Mobile Home Park Mortgage
Financing Loans
Mobile Home Park Financing and Mortgage
Loans are
obviously necessary for businesses and individuals that are looking to purchase
a property or refinance Mobile Home Park Financing
Loans. Easy mortgage loans for
financing makes this process quick and simple. Today, the cost
of these type properties are high and most individuals and companies do
not keep the cash on hand to purchase the Mobile Home Park outright. Financing
mortgage loans is the answer. Even
multi-billion dollar companies take out mortgage loans for financing Mobile Home Parks
because leverage is a financial tool that allows for capital retention.
We provide financing for
communities large and small. Our experienced staff
will provide you personalized attention and will structure a program that fits your
individual needs.
Mobile Home Park
financing loans and mortgages can prove to be a very rewarding and profitable proposition. These
investments are a fulltime job at least. They can require attention twenty four
/ seven. It takes a large
investment too in the form of cash and mortgage loan financing. Maintenance, repairs, advertising, insurance and rent collection
can be a challenge in operating a Park for Mobil Homes. Loans and mortgage
financing are just one concern. Water, sewerage and utilities are important to
the tenants and owners alike. Taxes, zoning, permits and building codes must
also be considered. Funding can be obtained through either a commercial lender,
private investor or venture capitalist.
The Problem:
Obtaining funding can be very time consuming and difficult if you're not very
familiar with the market and the players in the industry.
The Solution:
If you are serious about owning, financing or getting mortgages or loans on a Mobile Home Park, let
Maximum Financial Inc. work with and for you. We have access to specialized investors
and commercial lenders to obtain the funding required by you.
Funding Range:
Understanding Your Needs:
We understand your need for
advantageous terms. Finding just the right financial terms can be quite complex,
but we make it easy for you. We know that
the more difficult it is to obtain funding capital and the longer it takes, the easier
it is that you can get
discouraged. We won't let this keep you from realizing your dreams of opening or
expanding a business.
We Can Help!
Maximum Financial Inc. specializes in both Conventional and Hard to Fund projects
that require a creative funding approach. We have created a special relationship
between entrepreneurs and commercial lenders / investors. In order for us to determine how we can
assist you in finding the right investor relationship for your project, please
submit our Quick Application / Pre-Qualification
form. To analyze the information properly, we ask general and specific questions regarding your business and/or project.
We
understand that entrepreneurs are typically risk takers that usually put
their own credit and finances at risk, sometimes hurting their credit. Please
understand that your honest answers regarding credit and finances will have no
bearing on whether or not we take you on as a client. Rather, they serve as a
tool in analyzing your situation and in developing the right funding strategy
for your situation. After one of our competent representatives has had a
chance of review you
inquiry, we will get back to you to go the the next level and establish a plan
of action.
SMALL PROGRAMS
- Loan amounts $100,000 to $3,000,000.
- 3, 5, 10, 15-year fixed rates available.
- 80% LTV (loan-to-value) on purchases; 80% LTV on NO cash-out refinance;
75% LTV on cash-out refinance.
- Recourse and Non-Recourse programs
available.
- Mixed use parks are allowed - 25% commercial rentals and no more than a
10% RV component.
- Minimum of 10 spaces, and limited park owned units allowed for
our "A" program.
- Term: 30-years, no balloon in 10 years.
- Amortization: 15 to 30-years. Interest Only
available on case by case basis.
- Down payment can come from home equity. Borrower must put a minimum
of 10-20% down.
- 10% of down payment may be gifted depending
on credit scores.
- Closing in 40-50 days of receipt of borrowers application and loan
registration.
- Stated Income, no debt to income ratio or net worth to income ratio on
the borrower.
LARGE PROGRAMS
- Loan amounts $3,000,000 to $50,000,000.
- Non-Recourse, no personal guarantee.
- 3, 5, 7, 10-year fixed rates available and terms with
25-30-year amortization.
- LTV up to 80% with cash out refinance or purchases.
- Yield maintenance or defeasance prepayment penalty.
- Assumable with a fee.
- Fully documented loan with debt to income, net worth to loan and
liquidity to net worth ratios.
Multi
Family Apartments
Auto Industry - Gas
B&B Hotel
Campground - RV
Car Wash Carwawhes
Child Care Center
Churches
Land -
Acquisition
Mini Self-Storage
Mixed Use
Mobile Home Park Financing Loans
Office
Buildings
Restaurant / Bar
Retail Shopping Mall
Small
Business SBA
Other
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