Announcing New Alternative Loan Programs! Financing for Parks Not Serviced by Conventional Lenders  
  • Development Loans for Acquisition and Improvements
  • RV and Mobile Home Hybrid Parks
  • Alt-Bank Financing
  Development Loans - Acquisition and Development Loans enable investors to unlock income potential of underperforming parks. Loan-to-Cost financing allows additional funds to be added to the initial loan amount to make needed improvements. Bridge loans provide interim funds to develop and stabilize the park to eventually be refinanced by a permanent, conventional loan with attractive and long-term features.   Development Loan Terms: 60% to 70% Loan-to-Cost (LTC) 5.50% - 6.00%, 3 to 5 Year Fixed Rates with 5 Year Term Adjustable 5.25% (Prime + 2.0%) for 5 Year Term 20 Year Amortization, No Prepay Penalty   RV and Mobile Home Hybrid Parks: (>50% + short-term and transient rentals required).This loan offers an innovative use of SBA financing for RV Parks with Mobile Homes. Program provides high leverage and low rates and funds for improvements. Can include park or tenant owned mobile homes, motel units, resorts, cabins, RVs. Government insured loan program allows for more flexible underwriting.   Hybrid Park Loan Terms: 75% LTV, 5% ARM with 25 Year Amortization and Term, 3 Year Prepay   Alt-Bank Financing – Portfolio lenders with liberal underwriting guidelines and loan programs. The park income, quality and strength of borrowers are main qualifying criteria. No restrictions on unit type or operating structure: park owned, contracts, RVs and lower occupancy rates can be accepted.   Alt-Bank Loan Terms: 60% - 70% Loan-to-Value (LTV) 5.50% Fixed for 5 Years + 5 Years ARM @ Prime + 1.0% for 10 Year Term Adjustable Rate 4.50% (floor) @ Prime (currently 3.25%) + 1.0%, 10 Year Term 25 Year Amortizations. 5 Year Step-down Prepay Penalty.   Getting Started   Property and Investor Profile Forms (attached) Pictures, Rent Roll, 3 Years of P&Ls + YTD 2014   For a Confidential Review, Call or Email David Harley, Senior Loan Consultant Office Phone (415) 888-3458 and Cell (415)250-5300 NMLS 243624; BRE 01334092   Blue Point Commercial Mortgage:provides financing, investment and analytical services for Manufactured Housing and RV Community Investors and Industry Professionals. Loan programs are available through our nationwide network of banks, financial institutions and private lenders. David Harley has over 10 years of industry specific experience.   655 Redwood Hwy, Suite 311, Mill Valley CA 94942 Website: