Articles

September 2008 This issue of the MobileHomeParkStore.com and MHBay.com Newsletter includes:

In this environment of tight lending practices and a limited variety of funding sources for mobile home parks, we are beginning to see some lenders fill in where traditional financing has fallen off.

National commercial real estate lenders are now far more adverse to lending in rural markets. The typical minimum population size these lenders are willing to go into is 25,000 or more. Each lender has a specific criteria of what they will allow as far as proximity to a town this size or greater.