Commercial Mortgage Acquisition
Mobile Home Park
Loan
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Commercial
Mortgage Acquisition Property Types: |
Mobile Home Park
Loan |
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Geographic Preference: |
Nationwide |
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Commercial Mortgage Amount: |
$3 million minimum - $50
million maximum |
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Commercial Mortgage Term: |
5-15 years
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Loan Rates: |
Fixed,
as low as 10 year treasury plus 125 |
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Commercial Features: |
Assumption with approval
Non-recourse
No rent restrictions
No limitation on owner's return |
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commercial mortgage loan Requirements: |
Appraisal to support the project occupancy and rents;
Tax, Insurance, and Replacement Reserve Escrows |
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Third
Party Fees: |
Borrower pays all application, inspection,
underwriting, and third party costs |
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