Finance with a bank
Sunwest Bank provides fixed and floating rate loans for a variety of loan terms and purposes including construction, infrastructure improvements/renovations, bridge, mini-perm and permanent loans for Manufactured Housing Communities and RV Park Model Resorts. We cater to all borrower profiles from single-project entrepreneurs to the largest private and public companies in the industry.
At Sunwest Bank, we understand manufactured housing communities and how to finance them, whether it’s:
- Including income from park owned homes in our underwriting
- Providing second trust deeds for qualifying borrowers locked into long term financing with shorter term needs
- Offering property management solutions including scanners, lockbox and earnings credit analysis to improve operator efficiency and economic savings
- Chattel lending for residents and operators, including options for operators owning inventory of POH’s
- Facilitating infrastructure improvements or renovations, including a dedicated Solar division
Mobile Home Parks
Finance Table
Loan Size
$1 - $40mm
Term
12 mo - 10 yrs
Amortization
Up to 30 yrs with Interest Only periods available
Leverage
Up to 70%
Rate
Fixed or Floating
Prepay
Stepdown (Fixed) or Par (Floating)
Recourse
Recourse and Non-Recourse
Quality
1-5 Star Communities
Types
Construction, Bridge, Mini-Perm, Perm. Chattel lending division. Infrastructure improvement or Renovations. Dedicated Solar financing division.