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Conduit Mobile Home Park Loans

CMBS loans for mobile home parks

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Capital Markets Loans
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Provide some basic information about the property and mobile home park financing you’re seeking and we will provide a no cost no obligation quote.
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Why Choose Crefcoa
Why Choose
Crefcoa's Capital Markets Conduit Lending Group has the experience and capital markets relationships necessary to properly structure your commercial real estate loan to ensure successful execution at the lowest fixed rates and costs in the market.
  • Certainty of execution
  • Knowledgeable and experienced
  • Low fixed rate terms
  • Non-recourse

Conduit Mobile Home Park Loan Program Overview

Crefcoa offers low fixed rate permanent financing for mobile home parks and manufactured housing communities located in average to above-average locations nationwide.

Conduit loans for mobile home parks are available with fixed interest rates starting at 180 bps above the comparable "on the run" Treasury rates, leverage up to 80%, and longer term amortizations. Crefcoa's conduit mobile home park loan program is among the most competitive mobile home park financing programs in the nation.


Borrowers with mobile home park loan sizes under $2 million, sites with less than 50 pads, or prefer a non-conduit product, Crefcoa provides mobile home park loans under its Banc-Series™ apartment loan program. The Banc-Series™ mobile home park program offers comparable interest rates with lower loan costs and 30 year, non-balloon terms.


In addition to the conduit loan option for manufactured housing communities, Crefcoa offers the Fannie Mae Manufactured Community Housing Loan product for properties with a minimum of 50 sites.


Conduit Apartment Loan Program Guidelines

Eligible Properties Average to above-average mobile home park and manufactured housing properties with a minimum of 50 pads or sites. Maximum of 10% Recreational Vehicle use. 90% or greater tenant owned homes.
Loan Size $2 million minimum with no maximum.
  • Tiered pricing based on LTV and DSCR.
  • Industry low spreads above the respective SWAP.
Loan Terms 5-10 year fixed terms with 25-30 year amortizations.
  • 5, 7, and 10 year fixed rate terms (balloon at end of fixed term).
  • 25 and 30 year amortizations.
Prepayment Defeasance or yield maintenance.
Personal Guarantee Non-recourse subject to standard carveouts. Loans are assumable.
Minimum DSCR 1.25 - 1.35.
Fees $15,500 - $30,500, due upon acceptance of LOI.
Loan-To-Value 75% - 80%.
Occupancy Requirements 90% stabilized properties, 12 month trailing cash flow must support minimum DSC requirements.
Third Party Reports
  • Appraisal.
  • Phase One Environmental.
  • Property Inspection.
  • ALTA Land Survey.
Preliminary Submission Package for a Conduit Apartment Loan Include the following in your request for a conduit apartment loan quote:
  • Property description and location map.
  • Representative color photographs.
  • Current rent roll and year-to-date operating statement.
  • Operating history - prior 2 years, if available.
  • Current year operating budget.
  • Existing debt and cost basis.
  • Sponsor resume.
  Conduit apartment loan program underwriting guidelines are provided for informational purposes only and do not constitute, or should not be interpreted, to be an offer to make a loan, a loan approval, or any other language that implies that by meeting these basic requirements Crefcoa will provide borrower with a loan under these terms.
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Conduit Mobile Home Park Loans - Commercial Real Estate Loan Program Home Page
Conduit  mobile home park financing is provided on commercial real estate property types located in the Continental United States. Learn more about Crefcoa's conduit loans for mobile home parks.