Mobile Home Park Loan
Janus Finance offers an exceptional loan product for Mobile Home Parks. We work with you to structure your financing to your fullest advantage. We consider all aspects of your financial requirements to maximize your credit while minimizing costs and meet your ROI goals. Our loans start as low as $500,000.
Mobile Home Parks (15 pads +)
- Minimum Loan amount: $500,000
- Maximum Loan Amount: $20,000,000
- Max LTV for Mobile Home Parks is 80%
- Minimum DSCR Multi-Family is 1.20 (1.15 in some cases)
- Interest Only available
- Up to 30 year amortization
- Minimum 80% Occupancy (lower in some cases)
- Less than 25% Park Owned Homes
- Less than 10% RVs
- Non-Recourse available
- Minimum FICO > 660
- Tax and Insurance Escrows required
|
