11h • Underwriting / Diligence
Demo a park
Has anyone completely demoed a park in phases? I had a deal brought to me in Texas in an awesome area. I’ve seen some rough parks, but this is a complete junkyard. 11 occupied POHs and 24 vacant homes. This park is in a growing area and down the street from 5 mobile home dealers (2 of which I personally know and used to work with.) My thought would be to slowly demo the homes, restructure the pads and work with the dealers to fill the pads. I’m just not sure how I would get a loan on this property? Any thoughts here?
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Demo a park
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