CREFCOA Mobile Home Park Loans

CREFCOA provides mobile home park loans through its Multifamily Lending platform suite of programs for ground lease mobile home parks and manufactured housing communities.

Through our proprietary Commercial Real Estate Lending Platform (CRELP) we can quickly compare various mobile home park loan programs and platforms providing you with financing options that best meet your individual needs and investment objectives helping to maximize the return on your MHP investment. Whether you’re looking to refinance your mobile home park loan, or finance the acquisition of a MHP or MHC property, we can help.

• Highly competitive interest rates
• Up to 80% LTV
• 30-year amortization
• Fixed rates up to 30-years
• DSCR as low as 1.25
• Up to 10-years interest only
• Non-recourse available
• Flexible prepay options
• Mobile home park loans available nationwide (secondary and tertiary markets acceptable)
• 15-50 pad minimum depending on the loan program
• Most programs require the park to have a minimum of a 3 star rating
• 30-year fixed rate options available through the Fannie Mae Manufactured Housing Community Loan program

CREFCOA provides financing for mobile home parks and manufactured housing communities through its Multifamily Lending Group. Available program options include:

• Fannie Mae Manufactured Housing Community Housing Loans
• Freddie Mac Conventional Manufactured Housing Loans
• Banc Series Multifamily Loans
• Conduit Mobile Home Park Loans
• Banc Series West Coast Multifamily Loans

Eligibility requirements for CREFCOA's mobile home park and manufactured housing community loan programs vary depending on the program. General requirements include:

• 15 pad minimum (50 pad minimum for Fannie Mae Mobile Home Park Loans and the Conduit Mobile Home Park Loans)
• Prefer loan sizes above $1M. Will consider smaller loans on a deal-by-deal basis
• Prefer parks that have paved roads. Gravel packed roads will be considered on a case-by-case basis
• 25% maximum park owned homes (i.e. tenants must own 75% or more of the homes)
• Homes should be skirted with no tongues or hitches showing
• Prefer off-street parking
• Homes must conform to the requirements of the "HUD Code"
• Prefer communities with that have less than 10 homes per acre
• Prefer communities with an amenity package
• Most programs require the park to have a minimum of a 3 star rating