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Woodall Mobile Home Park Star Ratings Guidelines

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Woodall Star Ratings for Mobile Home Parks

Many lenders and borrowers classify the quality of a mobile home park by referencing the star rating system. While dated, the star rating system still provides a helpful reference guide to determine park quality and if it may or may not be be eligible for financing. For example, a general rule of thumb is parks with a three-star or better rating are eligible for financing under the Fannie Mae mobile home park loan program and conduit CMBS mobile home park loan program.


Woodall Star Ratings System Guideline For Mobile Home Parks


Woodall one-star park
The most important consideration for a one-star park is overall appearance. If it is not a decent place to live, it will not be listed in Woodall's directory. The following are general requirements: 1A. Fair overall appearance.
1B. Patios on most lots. May be concrete, asphalt, wood, or some suitable. material 1C. Grass, rocks, or shell to cover ground.
1D. Streets fair to good. May be dirt, asphalt, or gravel in reasonable condition. 1E. Restrooms clean, if any.
1F. Adequate laundry or Laundromat nearby. 1G. If fences allowed, must be neat.
1H. Mail service.
1I. Homes may be old models, but show evidence of some care. 1J. Manager available some hours of each day.


Woodall two-star park
2A. Landscaping--some lawns and shrubs.
2B. Streets in good condition. Must be dust free of crushed rock, gravel, or shell minimum. 2C. Neat storage.
2D. Well equipped laundry or laundromat nearby. 2E. 220-volt electrical connections available.
2F. If children accepted, park should have play area.
2G. Park free of clutter, such as old cars and other abandoned equipment. 2H. Well-maintained and managed.


Woodall three-star park
What a three-star park does, it does well, but not as uniformly as higher rated parks. Many three- star parks were once rated higher, but original construction does not allow for today's 10-foot, 12- foot, and double-wides, or the 55-foot and 60-foot lengths.

In addition to the requirements for one-star and two-star parks, a three-star park must have the following:
3A. Attractive entrance.
3B. All mobile homes must be in good condition.
3C. Awnings and cabana rooms on some homes in southern area. 3D. Some spaces for large mobile homes.
3E. Paved or hard surfaced streets.


Woodall four-star park
(There are two categories. See item 4K.) Four-star parks are luxury parks. In addition to the requirement for one-star, two-star, and three-star parks; a four-star park must have the following: 4A. Good landscaping.
4B. Most homes skirted with metal skirts, concrete block, ornamental wood, or stone. 4C. Paved streets, edged, or curbed.
4D. Uncrowded lots.
4E. Underground utilities if permitted by local conditions and authorities. 4F. Most tanks, if present, concealed.
4G. Any hedges or fences must be attractive and uniform.
4H. Awnings, cabanas, or porches on most homes in southern areas. (Except double-wide units.) 4I. Most lots to accommodate large homes.
4J. Where row parking of homes exists, all must be lined up uniformly.
4K. Community hall and/or swimming pool and/or recreation program. (If a park is four-star in all but this requirement, the fourth star will be printed as an open star, indicating a four star park without recreation.)
4L. Excellent management.


Woodall five-star park
Five-star parks are the finest. They should be nearly impossible to improve. In addition to the requirements for one-star, two-star, three-star and four-star parks, a five-star park must have the following:
5A. Well-planned and laid out. Spacious appearance.
5B. Good location in regard to accessibility and desirable neighborhood. In some locations park should be enclosed by high hedges or ornamental fence.
5C. Wide paved streets in perfect condition. Curbs or lawns edged to street, sidewalks, street lights, street signs.
5D. Homes set back from the street.
5E. Exceptionally attractive entrance and park sign.
5F. Patios at least 8 x 30 ft. (Except double-wide units.)
5G. Paved off-street parking such as carports or planned parking. 5H. All homes skirted.
5I. All hitches concealed. Any existing tanks concealed.
5J. Recreation, some or all of the following: swimming pool (except areas with long, cold winters), shuffleboards, horseshoe pitching, golf course, hobby shop, hobby classes, games, potlucks, dances, or natural recreation facilities.
5K. Beautifully equipped recreation hall with kitchen. Room for community gatherings. Tiled restrooms, etc.
5L. Uniform storage shed or central storage facilities. 5M. All late model homes in excellent condition.
5N. At least 60% occupancy in order to judge quality of residents which indicates park's ability to maintain a five-star rating between inspections.
5O. All empty lots grassed, graveled, or otherwise well maintained.
5P. If pets or children allowed, there must be a place for them to run and play without cluttering the streets and yards. Most five-star parks are for adults only.
5Q. Superior management interested in comfort of residents and maintenance of park.