Residential/Commercial/Hard Money funding small RV park

[Anke Hernandez]

Hello,

Does anybody offer funding for the following:

3 acres land with a mobile home and 12 RV pads (consistently full with oilfield workforce). Located in TX).

Asking price $320k. Income approx. $60k gross, $48k net.

Either commercial or residential. Loan based on asset/income (no Fico etc.). Hard money/bridge loan fine as well. 

Need fast closing!

Thanks,

Anke

[WKL David]

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[Doug Braxton]

Hello Anke,

Can provide a loan based on the pads income. Looks like the income is sufficient to service the debt. This would be hard money - no minimum FICO. Contact me to discuss further [phone].

__
Doug Braxton
Commercial Mortgage Broker
Braxton and Company
P: [phone]
E-MAIL
www.braxtonandcompany.com | www.1-4investor.com

[Carlos Clark]

can I get your business plan/executive summary have included in this you need an appraisal.

Send to:

[e-mail]

[Anke Hernandez]

No appraisal has been done yet. Also still waiting to receive P/L from seller.

[WKL David]

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[Samuel Thomas]

Anke

Loan Amount:  $200,000 to $10,000,000

Loan Term:  3 - 24 months

Rates:   8.5% - 11% interest only

Loan Types:  Purchase, Refinance, Cash-Out, Blanket Loans, Rehab

Closing Time:  5 - 7 business days

Property Types:  Multi-Family, Non-Owners Occupied SFR, Office, Industrial, Mixed-Use, Hospitality, Shopping Centers, RV Parks, Assisted-Living Facilities, Parking Garage/Lots, Mobile Home Parks, Gas Stations, and Student Housing

If interested, send me at samcthomas45@gmail,com your executive summary of the project or business plan.

[Anke Hernandez]

What is the LTV/LTC for an RV park?

Thanks,

Anke

[Samuel Thomas]

Up to 60% LTV

[Anke Hernandez]

Thanks, Samuel, but I'm looking to get a higher LTV.

[Samuel Thomas]

Ok, I am here for you.