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02-16-2024, 02:36 PM #1
- Join Date
- Jun 2015
- Posts
- 10
Construction loan for Trailer Park
I have a client looking for a construction loan for an rv/mobile home park in Florida. If anyone can help please meassage me.
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02-16-2024, 03:54 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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02-16-2024, 04:05 PM #3
I was approached about a similar project recently (may be the same) and the issue was they only wanted to put in pads for mobile homes. Basically, if the borrower defaults, all the lender has is land, no structure. Not liquid. Lender can't liquidate raw land with cement pads.
Last edited by Olderguy; 02-20-2024 at 12:31 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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