Commercial
Mobile Home Park Loan
Unlock the potential of your mobile home park investment with CMRE's specialized Mobile Home Park Loans. We provide tailored financing solutions designed to meet the unique needs of this asset class, offering competitive rates and flexible terms. With financing starting at 8.5%, we can help you acquire, refinance, or improve your mobile home park property.
Program Benefits
Competitive interest rates starting at 8.5% for qualified borrowers.
Financing available for acquisition, refinance, and improvements.
Loan amounts tailored to the specific needs of your mobile home park project.
Expert guidance throughout the loan process from experienced commercial real estate professionals.
Flexible loan terms to suit your investment strategy.
Opportunity to expand or upgrade your mobile home park, increasing its value and profitability.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
55%
Loan Amount Range
$500K - $10M+
Amortization Options
Eligible Properties
- Mobile Home Parks
Program Requirements
Income Documentation
- •Demonstrated history of stable and sufficient cash flow from the mobile home park.
- •Detailed financial statements for the property, including income and expense reports.
- •Personal and business tax returns for the past two to three years.
- •Pro Forma income projections for the mobile home park.
Asset Verification
- •Sufficient liquid assets to cover down payment, closing costs, and reserves.
- •Schedule of real estate owned (SREO) listing all properties owned and their associated debts.
- •Valuation of any other significant assets.
Insurance & Title
- •Comprehensive property insurance coverage for the mobile home park.
- •General liability insurance to protect against potential claims.
- •Flood insurance if the property is located in a flood zone.
Property Requirements
- •Minimum FICO score of 640.
- •Satisfactory credit history with no recent bankruptcies or foreclosures.
- •Detailed credit report review to assess creditworthiness.
- •Strong credit references from other lenders and creditors.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Interest rates for Mobile Home Park Loans vary depending on factors such as the borrower's creditworthiness, the loan amount, and the current market conditions. CMRE offers competitive rates starting at 8.5%.
The maximum LTV for a Mobile Home Park Loan is typically 75%, but this can vary depending on the lender and the specific characteristics of the property.
Mobile Home Park Loans can be used for a variety of purposes, including acquisition, refinance, expansion, and improvements.
CMRE typically requires a minimum FICO score of 640 for Mobile Home Park Loans.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
