Banc Series Nationwide Mobile Home Park Loan Program

Vast trailer park, mobile home court on sunny summer morning, aerial view.

Banc Series Nationwide Mobile Home Park Loan Program Overview

CREFCOA's Banc-Series mobile home park loans make financing your mobile home park or manufactured community housing property quick and easy. And, since you will be financing your park under the Banc-Series Apartment Loan program, you will enjoy the same great rates, low costs and flexible underwriting that our multifamily borrowers realize.

Banc Series Nationwide Mobile Home Park Program Guidelines

  • $750,000 minimum MHP loan size
  • 25 pad minimum
  • No more than 25% park owned homes allowed
  • Prefer parks that have paved roads. Gravel packed roads will be considered on a case by case basis
  • No minimum population restrictions
  • Low cost capped closing fee
  • 3, 5, 7 and 10-year fixed rate terms
  • 25 and 30-year self amortizing mobile home park loans - no balloons
  • 75% LTV
  • Minimum DSCR requirement of 1.25
  • Step down prepay, i.e. 3, 2, 1 -- No defeasance or yield maintenance.
  • 60 day rate lock
  • No replacement reserves
  • Tax and insurance escrows required - may be waived for lower leveraged deals
  • Monthly and/or annual leases required
  • Reduced recourse and non-recourse available for parks located in major MSAs with strong sponsorship and low leverage.
  • Out of state owners require a management contract
  • Minimum borrower liquidity requirements of 9 months P&I payments
  • Minimum net worth requirements equal to 50%-100% of loan size

Quick Quote

Got 5 minutes? Request a custom quote today!

Provide some basic information about the property and the financing you’re seeking and we will provide you with a custom quote designed around your specific needs and financing objectives.

It’s really that simple.

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