Terms are 5 years, 10 years or fully amortizing depending on the Lender
Minimum occupancy is 90%
Loans are non-recourse, except for standard “Bad Boy” carveout Guarantees
Mobile homes and the parks need to be rated over 3 stars, not in a flood zone, and cannot exceed 25% park owned homes.
Rates depend on the market and quality of the community.
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Bluewater Capital Partners, LLC is a boutique Commercial Real Estate Investment Banking firm based in Sarasota, Florida that arranges debt and equity capital for both Commercial Real Estate Properties as well as Operating Companies that are located in the Southeastern United States.