RV and Mobile Home Park (MHP) Loan Programs

RV and Mobile Home Park (MHP) Loan Programs

The Madison Group is a leading source of RV and Mobile Home Community financing nationally. We bring together a highly experienced team of

financing experts and relationships with prominent regional and national lenders. Our clients benefit from the most competitive financing for acquisition or refinance of their Manufactured Home Communities.

Contact us for the best RV Park loan options: No upfront fees

Individualized consultation to meet your needs Staff dedicated to your transaction 18 years of mortgage experience

Real answers to your financing questions

Mobile Home and RV Park financing comes in all shapes and sizes. We work wi th you to determine the best debt structure for your transaction. We work direct with lenders including: Fannie Mae, Freddie Mac, CMBS, Insurance Companies, USDA programs, local banks and credit unions.

Here are some general considerations for a loan:

Loan-to-Value up to 80%. Typically 65?75% LTV The best pricing and highest leverage is reserved for parks

that are well-maintained, paved, lighted, have amenities like laundry and clubhouse.

Occupancy of 75%, but exceptions are made based on cash

f low and ability to increase occupancy.

Park ownership of mobile homes and RV space rentals can

be utilized. Typically 25% is within guidelines, and exceptions are made on a case-by-case basis.

Loan amounts of $1,000,000 or greater

Sample Loan Term s and Rates:

5, 10, and up to 30 Year Fixed Int erest only options up to 5 years Rates = 4.0% - 6.0% 20 - 30 year amortization Nonrecourse available Cash out available to 75% LTV

Recent Closed Mobile Home Community Loan:

Jeff Meierhofer Director of Finance Phone: 435-785-8350 jeff.m@

RV Park purchase Loan = $6.337,500 Rate = 5.64% 10 year term 25 year amortization Non recourse

MHP and RV Park Closed Loans:

MHP Refinance RV Park Refinance

Mesa, AZ

Ca lif ornia

$3,100,000

$910,000

10 year term, 30 year am, 15 year term, 30 year am,

4.5% Rate

4.95% Rate

75% LTV

65% LTV

Park with RV and park

No prepay penalty

owned units, and cash-out

Non-Recourse

Purchase

San Antonio, TX $1,500,000

5 year term, 20 year am, 5.95% Rate 75% CLTV

Pa rk with a dditiona l la nd and park owned units

Cash out Refinance

Three MHC in TN and GA

$5,300,000 & $3,000,000 10/30 & 3/15

5.4% & 4% fixed rates 73% LTV and 50% LTV

Nonrecourse Cash out

Cash out Refinance

Sheridan, WY $1,875,000

10 year fixed, 25 year am 4.5% Rate 75% LTV Nonrecourse Ca sh-out

Refinance

Ferndale, WA $1,750,000

70% LTV Rate at 4.33% 5 year fixed; 10 year term 25 year amortization

Refinance

Arizona $1,600,000 10 year term, 30 year am 4.89% rate 70% LTV Nonrecourse

Cash out Refinance RV Resort Purchase Purchase-Refinance

Medford, OR

Florida

Twin Falls, ID

$3,875,000

$3,570,000

$3,010,000

10 year fixed 30 year am 30 year fixed 30year am 10 year fixed; 25 year am

4.875% rate

5.5% rate

Rate of 4.65%

$600,000 cash out

USDA Financing

70% LTV

Refinance of one park with

cash out to purchase

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