MOBILE HOME PARK FINANCING 
BY BARCLAY ASSOCIATES. CONTACT US 
FOR THE PURCHASE OR REFINANCE OF MOBILE 
HOME PARKS. COMPETITIVE RATES AND TERMS 
WITH FAST LOAN COMMITMENT AND CLOSING.



It is extremely important to get our "Special Report." for Income property buyers and print it out for review.
  • Our "Special Report" contains valuable and detailed information for anyone purchasing or refinancing income property. This report can be seen at: Special Report. The report contains much information including how to calculate the true value of any income property, including mobile home parks. We use all non-bank national lenders.
    IMPORTANT - Because of time constraints we are unable to give personal telephone unpaid advice unless you have a strong written or verbal agreement with the seller. Please do not contact us for a general discussion of each park you are considering for purchase. Nearly all possible questions you may have are answered here or in our “Special Report.” Unless you have a very unusual question, only contact us when you have a strong commitment from the seller.
    FINANCING FACTS AND LENDING CRITERIA The Park must be:
    • Nearly fully occupied. At least 90% or more.
    • No more than 5% "park owned" units. 95% or more of the units must be owner occupied.
    • Streets in the Park, if any, must be paved and in good repair.
    • The Park must have a good appearance. All units must be skirted. There should be a well-kept lawn around each unit. There must be grass where the lawn area meets the street.
    • The park should have a substantial amount of "new single-wide" mobile homes. These are the 14' by 60' units which have replaced many of the older "double wides."
    • Office and pavilion or other common areas should be well-kept.
    • No RV areas in the Park.
    • If you cannot visit the park personally you should get 15 to 20 digital photos of the units or Park e-mailed to you before proceeding. This can be easily done today. If a potential seller will not do this move on. SUMMARY
    • Our lenders will not consider any properties which have a "trailer park" look. They are interested in financing only "Mobile Home Parks."
      "Trailer Park" designation generally means a high percentage. Of park owned units, a large amount of old 8' x 25' trailers, dirt roads through the Park, general overall junky appearance of units, unpainted office etc.
    FINANCING INFORMATION: (as of April, 2011)
    • 70% LTV based on an accurate NOI at a 10 cap or more.
    • 10% minimum cash down required from the buyer. 15% preferable.
    • Maximum 20% 2nd position seller carryback.
    • Interest rate in the 6.5% to 7.0% range
    • 10 year fixed - 25 year amortization rate.




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    How to Contact Us
    E-mail-Click here ==> barclay@netcarrier.com


    Send us an E-mail with some details of your financing request and we will then reply via e-mail with our phone number and full contact information.
    BARCLAY ASSOCIATES - Cherry Hill NJ
    MINIMUM LOAN AMOUNTS

    • INCOME PROPERTIES - COMMERCIAL MORTGAGE LOANS- (apartment and office building loans, self storage units, mobile home park financing, strip centers etc.- not raw land/land developer loans) - $500,000 minimum loan amount. ($650,000 minimum if referred by broker) Multi-family (apartment buildings) must be 10 units or more.
    • RAW LAND LOANS OR LAND DEVELOPMENT LOANS (No lenders currently available as of February 2014).
    • OTHER BUSINESS LOANS (Non SBA) - $500,000 minimum loan amount $660,000 minimum if referred by broker)
    • FACTORING AND ASSET BASED FINANCING (loans based on receivables, inventory, equipment & real estate) - loan amount $800,000 ($1,200,000 if referred by broker).
    • OTHER TYPES OF FINANCING NOT INCLUDED ABOVE - contact us for minimum loan amounts.
    Copyright © 1997-2014 JS Inc./Barclay Associates-All Rights Reserved Page copy protected against web site content infringement by Copyscape Please e-mail or fax us with your financing request. Click on the e-mail address above. It is important to send your:
    Full name, PHONE NUMBER and a paragraph or two describing your financing needs. Please do not forget to include your PHONE NUMBER.


    BROKERS and other intermediaries- WE WELCOME BROKERS. It is EXTREMELY IMPORTANT that you [CLICK HERE] to obtain full information about our referral fee program and our referral fee rates to brokers.
    • We DO NOT finance residential properties-only commercial
    • We DO NOT have funders for commercial mortgages or business financing outside of the United States.

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