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Commercial Mortgage Loans |
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| Why Choose Capital Assets,Inc |
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| Capital Assets,Inc has the knowledge,
expertise and strategic relationships required to
provide you with the most competitive rates and terms
for your commercial property loan. |
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Multiple commercial financing options
- Competitive interest rates, terms and costs
- Knowledgeable and seasoned commercial mortgage
specialists
- Certainty of execution
- Convenient electronic loan process saves you
time and money
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| Request a Quote Today! |
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| Provide some basic information
about the property and commercial real estate financing you’re
seeking and we will provide a no cost no obligation
quote. |
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Security and privacy protected
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No social security number required
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No credit inquiry
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No cost or obligation
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| Commercial Learning Center |
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Home >
Commercial Loan Center Refinance or Purchase |
Banc Series Nationwide Mobile
Home Park Program Overview
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Capital Assets,Inc’s
Banc-Series? mobile home
park loans make financing
your mobile home park or
manufactured community
housing property quick and
easy. And, since you will be
financing your park under
the
Banc-Series? Apartment Loan Program, you will enjoy the
same great rates, low costs
and flexible underwriting
that our multifamily
borrowers realize. |
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Banc Series Nationwide Mobile Home Park Program Guidelines
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$500,000 minimum loan size.
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15 pad minimum.
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No more than 25% park owned homes allowed.
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Prefer parks that have paved roads. Gravel packed
roads will be considered on a case by case basis.
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No minimum population restrictions.
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Low cost capped closing fee.
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3, 5, 7 and 10 year fixed rate terms.
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25 and 30 year self amortizing mobile home park
loans – no balloons.
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75% loan-to-value.
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Minimum DSCR requirement of 1.25.
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Seller concession allowed to 3%.
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Up to a 10% seller second permitted on an exception
basis.
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Step down prepay, i.e. 3, 2, 1 — No defeasance or
yield maintenance.
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60 day forward rate lock.
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No replacement reserves.
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Tax and insurance escrows required – may be waived
for lower leveraged deals.
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Monthly and/or annual leases required.
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Mobile home park loans are assumable subject to
lender approval.
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Reduced recourse and non-recourse available for
parks located in major MSAs with strong sponsorship
and low leverage.
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Out of state owners require a management contract.
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Minimum borrower liquidity requirements of 9 months
P&I payments.
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Minimum net worth requirements equal to 50%-100% of
loan size.
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