Bay Area Capital Funding Inc. offers permanent financing for mobile home parks:

BACF Inc. provides a wide assortment of comprehensive financing programs. Our primary goal is to be your source for the financing of commercial loans. We provide creative solutions for commercial real estate investors across the nation. If you need to refinance an existing property or you need purchase money - we can help structure the terms that most suitably meet your needs.

Both traditional and stated income loans are available.

Bay Area Capital Funding Inc. Mobile Home Park Loan Guidelines:

Eligible Properties

Mobile home park and manufactured housing properties with a minimum of 30 pads or sites.

Maximum of 10% Recreational Vehicle use.

Minimum Loan Size

$500,000.00

Pricing

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Loan Terms

5-10 year fixed terms with 25-30 year amortizations.

Prepayment

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Personal Guarantees

Non-recourse and recourse

Minimum DSC

1.20 – 1.30

Loan-to-Value

75%

Occupancy Requirements

24 month trailing cash flow must support minimum DSC requirements.

Third Party Reports

Appraisal
Phase One Environmental

Preliminary Submission:

Include the following in your request:

1. Summary with property description and location map

2. Personal Financial statement

3. Representative color photographs

4. Current rent roll and year-to-date operating statement

5. Resume

6. Existing balance sheet

7. Current year operating statement

8. Operating history - prior 3 years, if available

9. Commercial Application