Refinance
Do you have an existing MHC loan that is maturing? Maybe you are looking for a lower interest rate or would like to take advantage of the equity you have built and complete a cash-out refinance? If so, let MidCap guide you through the various options.
- Term: 5 - 30 years
- Amortization: Up to 30 years, with interest-only available
- Interest Rate: Fixed and floating rate options
- Maximum Loan-to-Value (LTV): 80%
- Non-recourse
- Cash-out proceeds available!
Purchase
Looking to purchase a Manufactured Housing Community? Let MidCap secure the best financing to get the deal done.
- Term: 5 - 30 years
- Amortization: Up to 30 years, with interest-only available
- Interest Rate: Fixed and floating options available
- Maximum Loan-to-Cost (LTC): 80%
- Non-recourse
Improve
Short-term bridge loans can be the perfect option to facilitate property improvements. Maybe you need to make a significant capital investment into the park or you simply need additional time to increase the park's occupancy. Let MidCap show you all available options.
- Term: 12 - 36 months initial loan term (extension options available)
- Amortization: Interest-only
- Interest Rate: Floating rate
- Maximum Loan-to-Cost (LTC): 80% (up to 75% of stabilized value)
- Non-recourse
Recent Transactions
13 Park Portfolio
North Carolina
$34,464,000
Acquisition - Bridge Loan
Owner: Roots Management Group
Chancellors MHC
Fountain, Colorado
$6,423,000
Fannie Mae Refinance
Owner: Treehouse Communities
Western Star MHC
Roseburg, Oregon
$4,388,000
Fannie Mae Refinance
Owner: Treehouse Communities
Big Pine Acres MHC
Lecanto, Florida
$1,325,000
Acquisition
Owner: Big Pine Acres LLC