Mobile Home Park Financing (intitutional)
I know that many parks deals are done with owners financing.
However, can anyone tell me who the institutional lenders are?
Do they tend to be regional banks?
Any lenders that I should stay away from? (ex. Remington)
Thanks
Why do you say stay away from Remington?
There have been many negative posts about horrible experiences with them taking upfront due diligence money & never funding a loan.
I would google for specialty lenders and private lenders.
There might some reit or fund out there as well.
You can get the details from legally or from the place itself.