4h • General discussion
Seeking a lender!
Hey everyone! I’m currently close to putting a mobile home park under contract and I’m looking for a 2nd position lender to cover all or a portion of the down payment. Here’s the deal - 👇
18 unit all POH park
17 occupied homes
Rents $560 avg, market is $900-1100
City water and sewer
Purchase price: $800k via owner finance
Down payment: $180k
Terms: 30 year term at 9.5% interest, no balloon. Interest only for the first year
Again, I’m looking for a lender to cover all or a portion of the down payment. If this is something you might be interested in, please reach out and let’s see if we can agree on terms! 🤝
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Seeking a lender!
skool.com/mobilehomepark
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