Mobile Home Park Foreclosures & REO's
Special Lender Section & Services

Mobile home parks are unusual additions to most REO portfolios, and require specialized assistance to operate and maximize their re-sale value.

If you are a lender and have a mobile home park in your REO portfolio, or are faced with foreclosure on a mobile home park, then we offer consulting services specifically for you:

QUICK VALUE REVIEW - $297.00

If you need a quick assessment of the park’s re-sale value, we can give you an educated opinion, based on industry standards and ratios. We’ll need the financials of the property and the rent roll. In cases where financials are not available, we can actually build the data we need from other sources. We can give you our opinion of value within 24 hours. Note that we are not licensed appraisers and this is not an appraisal – but we have bought and sold over $100,000,000 of parks on our own account, and have reviewed over 1,000 parks.

TURN-AROUND PLAN TO MAXIMIZE VALUE - $997.00

Often, the difference between a good sales price and a fire-sale is in the strategy of what to do with the asset to make it as attractive as possible to buyers. In addition, you often have immediate problems with city inspectors and others to deal with. In this service, we build you a complete turn-around plan based on the specifics of the park and market it serves. We also provide estimates of what these steps would cost, as well as the timing of completion. You can then use this plan as a roadmap to take an under-performing asset, or troubled asset with multiple challenges to its very existence, and restore it to health and value.

FIELD INSPECTION AND CONSULTING - Starts at $1,997.00

In this, our highest level offering, we provide the first two services for you, plus whatever other consulting you need, in the field at your park. We can fly out and walk the park with you and discuss the options first-hand, right on property. We can also give you more educated opinions on value and plans to increase value going forward. We can even go with you to city hall and meet with officials or anyone else, to give your turn-around plan credibility. 

PARTNER WITH US AND WE WILL TURN THE PARK AROUND FOR YOU - Call/Email for Details

In this, we perform all the other services and in addition we actually help you turn around the park, get it ready for a sale, and then help you sell it for the best price as quickly as possible.  Why give the park away when you have two experts that have owned over 75 mobile home parks at your disposal.  We have the management systems and knowledge of what needs to be done to maximize the net operating income to get the best price available. 

ADDITIONAL SERVICE FOR LENDERS BEFORE YOU MAKE A LOAN - $597.00

What if you are looking at making a loan on a Mobile Home Park?  If this is your first experience in lending on a Mobile Home Park and you are not quite comfortable in the evaluation of that park, then we are here to look over the package to give you a second opinion from a couple of mobile home park experts, consultants, educators, and investors. 

Most lenders have an underwriting department but with manufactured home communities and mobile home parks being a specialized niche of commercial real estate, you owe it to your bank and your stockholders to make sure you don't make a mistake in making a loan that does not make sense (there were too many of these made over the past few years). 

This service is not meant to discourage you from making the loan but rather to give you a second opinion on whether the deal makes sense.  After all, we are doing this with buyers on a daily basis and it is a natural transition to work with lenders as well. 

Call or email for a Free Consultation.  Call Frank at 573-535-0206 or Dave at 970-778-4950 or email dave@mhps.com

We look forward to helping you turn your situation around.