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WE
ARE LOOKING TO PURCHASE MHP’s / WE ARE NOT BROKERS
ACQUISITION PARAMETERS:
1)
Owner finance, 1st position, competitive rates, short
term balloon, 50k to 100k down
2)
Not to exceed $25,000.00 per pad/lot
3)
Park must carry debt and operating minimum at conveyance
4)
Minimum cap rate: 10% based on actual current. Not scheduled,
Not projected, Not potential…ACTUAL CURRENT.
5)
Minimum 25 lots with possible expansion
6)
Prefer city/town utilities but will consider well and septic in
good condition
7)
Prefer underground utilities and paving but will consider
overhead and gravel.
8)
Prefer park owned homes (1985 or later) but will consider lots
and convert
9)
Prefer very few or no RV’s
10)
Not less than $200.00 pad rent and not less than $500.00 home and
lot rent
11)
Local demographics must support the completed park without
aggressive marketing and major concessions.
12)
We will not waste your time. Response in 12 to 24 hours (email)
13)
High vacancy, poor management, deferred
maintenance...ok
We
specialize in MHP’s but will consider apartment complexes using the same
guidelines
We own
commercial property in Port Charlotte, Fl that is entitled to construct
113,000 sq ft of climate controlled storage.
We own
commercial property in Wellfleet, MA (Cape Cod) that is nearing
entitlement for 42,000 sq ft of climate controlled storage
“SALE, BARTER OR TRADE…ALL OPTIONAL”
steve@svraleigh.com
800-448-0002 (tel)
508-775-4464 (fax)
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