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(800)865-9011

Wilshire Quinn Capital

Bridge Loan
Mobile Home Park Loans - LG164

Wilshire Quinn Capital

Summary of all Guidelines

Loan Types Bridge Loan
Property Types Mobile Home Park
Lendding Area NATIONWIDE
Loan amount Minimum $200,000
Loan amount Maximum $20,000,000
Interest Rate Minimum 8%
Interest Rate Maximum 12%
Points Minimum 1st TD 1
Points Maximum 1st TD 5
Terms 6 month, 9 months, 1 year, 18 month, 2 year, 8 months
Typical Days Required to Fund 6-10 Business days
Interest Only or Amortized Interest Only
Lien Position 1st
General Pricing or Guideline info -Minimum spaces: 40 pads -Prefer parks that have paved roads. Gravel packed roads will be considered on a case by case basis. -Prefer individual meters for water and electricity -Prefer tenants own 75% or more of the homes -Prefer sewer over septic -Prefer individual meters for water and electricity -Homes should be skirted with no tongues or hitches showing. - Time to Close 5 - 7 days - Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price. - Loan Term: 3 - 24 months - Lending Areas Nationwide, in metropolitan and coastal areas.
Updated as of 2023-10-09

-Minimum spaces: 40 pads
-Prefer parks that have paved roads. Gravel packed roads will be considered on a case by case basis.
-Prefer individual meters for water and electricity
-Prefer tenants own 75% or more of the homes
-Prefer sewer over septic
-Prefer individual meters for water and electricity
-Homes should be skirted with no tongues or hitches showing.
- Time to Close 5 - 7 days
- Up to 60% LTV and 60% of ARV for rehab, not to exceed 90% of the purchase price.
- Loans Term: 3 - 24 months
- Lending Areas Nationwide, in metropolitan and coastal areas.

These descriptions are limited information and meant for general reference purposes.