Manufactured Housing Community Financing Program Guidelines

 

 

Rates currently range from 3.0-4.5%. Call us now at 941-202-2184 to discuss rates!

 

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Minimum Loan Size $3 Million
 
LTVs up to 80%, depending on market size.
 
25 Year or 30 Year Amortization
 
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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