Mobile Home Communities

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SunRidge Commercial Capital offers a variety of lending platforms for mobile home communities throughout the nation. Loan products are available for acquisitions, refinances and the repositioning of an asset. Mobile home communities are categorized as multifamily loans but require special knowledge and underwriting that differs from a regular apartment loans. The team at SunRidge has specific long-term knowledge of this product type and has been active in this space for 20 years, as it has grown into an asset class of it’s own. 

Our variety of lenders offer a range of loan types and terms, from the best priced capital in the market for MHPs, to higher leverage loans and even lenders that allow a high percentage of park owned homes in a park, cash out and longer amortizations. We believe our job is to understand what the client’s individual needs might be and provide products that help them achieve their goals at the best available pricing in the market.

MHC terms offered:

- Loans available for $1.5MM and up throughout the US

- Up to 80% LTV on purchases

- Up to 75% cash out refinances

- 25- 30-year amortizations

- Fixed rate products from 3–30-year terms

- Interest only options available

- Recourse and Non-recourse loans

- Loans with up to 100% park owned homes

- Supplementals for future loan advances

- Assumable loans

- A range of prepayment penalty options

- Cash available for rehabs, addition of pads and other general improvements

Bridge loans

- Mobile Home Park Lender Options:

- CMBS

- Agency - FNMA and Freddie Mac

- Banks and Credit Unions

- Bridge Lenders

- Specialty Product Lenders