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RV Park Loan Rates & Requirements (2026)
By Jaken Finance Group · Principal, Jaken Finance Group
RV park loan rates in 2026 — SBA, bank, bridge, and seller finance compared with LTV, DSCR, occupancy, and pad infrastructure requirements. Jaken Finance Group.
Investors comparing RV park loan rates and RV park financing requirements in 2026 need to match program to occupancy stage, seasonality, and sponsor profile — not chase the lowest headline rate on a listing that closes in 21 days. Outdoor hospitality sits at the intersection of small-business and commercial real estate underwriting: lenders price on trailing NOI, pad mix, and infrastructure age as much as on your FICO.
This July 2026 refresh adds seasonality modeling, a worked Piedmont acquisition example, and a bridge-to-permanent decision matrix for value-add operators.
Hub: RV park financing guide · Refinance: RV park refinance · Acquisition workflow: how to buy an RV park
Rate and requirement comparison (2026)
| Program | Rate band | Down / LTV | Min DSCR | Occupancy | Best for |
|---|---|---|---|---|---|
| SBA 7(a) | 10%–11.5% | 10%–20% down | 1.15x+ | 70%+ | Owner-operator under $5M |
| SBA 504 | Below-market fixed | 10% equity | 1.15x+ | 70%+ | RE + equipment |
| USDA B&I | Competitive | Varies | 1.25x | Varies | Rural parks |
| Bank commercial | 6.5%–8% | 25%–35% down | 1.25x | 75%+ | Stabilized NOI |
| Bridge / hard money | 8.99%–13.5% IO | 65%–80% LTV | Projected | 50%+ OK | Value-add, fast close |
| CMBS | 6.75%–7.5% | 65%–70% LTV | 1.25x | 80%+ | $3M+ stabilized |
| Seller finance | 5%–8% | Negotiated | N/A | Any | Off-market deals |
Rates reflect July 2026 market conditions — individual deals vary by sponsor experience, utility type, and geographic seasonality. Permanent lenders underwrite trailing 12 months; bridge lenders may size on projected stabilization with debt-service reserves.
Why RV park rates diverge from headline multifamily
Unlike garden-apartment deals, RV parks carry revenue concentration in transient vs long-term mix, shoulder-season ADR compression, and CapEx tied to pad-level infrastructure. A park quoting 78% occupancy in August may show 52% in January — and your permanent lender models the average, not the peak.
| Factor | Why lenders care |
|---|---|
| Transient vs long-term mix | Revenue stability and marketing cost |
| Infrastructure age | Water, sewer, electric, propane replacement cost |
| Seasonality | Trailing 12 vs peak month — mountain and coastal parks |
| ADR trend | Pricing power vs discounting in shoulder months |
| Flag / brand | KOA, independent, glamping hybrid |
| Environmental | Septic capacity, flood zone, well permits |
Valuation context: RV park cap rates and valuation. Hybrid assets with cabins or yurts may start on bridge regardless of headline occupancy — see glamping and outdoor hospitality financing.
SBA, bank, and bridge — which channel fits your close
SBA 7(a) bundles acquisition, working capital, and equipment for owner-operators who can wait 60–120 days — best when T-12 NOI supports 1.15x+ DSCR and the seller accepts a longer close. SBA 504 adds below-market fixed real estate plus equipment financing for bathhouse or pad-expansion scope.
USDA B&I serves rural parks outside major MSAs — check eligibility before defaulting to bridge-only. Community bank commercial delivers 6.5%–8% on stabilized files with 75%+ occupancy and 1.25x DSCR, but close timelines run 45–90 days.
Bridge / hard money closes in 14–30 business days at 8.99%–13.5% IO and 65%–80% LTV. Bridge tolerates 50%–65% occupancy with a credible lift plan; exit to bank or SBA at 12–24 months.
Full program comparison: SBA vs bridge for campground acquisitions
Bridge vs permanent — decision matrix
| Your situation | Start with |
|---|---|
| Owner-operator, time to close | SBA 7(a) |
| Need 30-day close | Bridge |
| Under 65% occupancy | Bridge → refi later |
| Rural location | Check USDA B&I |
| Seller willing to carry | Seller finance + refi |
| $3M+ stabilized, 80%+ occ | CMBS or bank |
| Sponsor type | Typical starting program | Why |
|---|---|---|
| First-time owner-operator | SBA 7(a) if time allows | Lower rate, 10%–20% down |
| Experienced operator, 30-day close | Bridge 8.99%–13.5% IO | Speed beats rate on competitive listing |
| Value-add, 55%–70% occupancy | Bridge → refi in 18–24 mo | Banks won’t lend on turnaround NOI |
| Portfolio buyer ($3M+ stabilized) | CMBS or bank | Rate-sensitive at scale |
| Rural park, owner-occupied | USDA B&I + SBA 504 | Check eligibility before bridge-only |
| Off-market with seller carry | Seller note + refi later | Rate negotiable; verify subordination |
Worked example — rate shopping a 48-pad Piedmont park
Asking: $1.15M · T-12 NOI: $142K · Occupancy: 78% · Sponsor: repeat operator, 25-day close needed
| Program | Rate | LTV | Annual debt service | DSCR | Verdict |
|---|---|---|---|---|---|
| Bank (stabilized) | 7.0% | 70% | ~$77K | 1.84x | Best rate — if 45+ day close OK |
| SBA 7(a) | 10.5% | 80% | ~$96K | 1.48x | Lower down — slower timeline |
| Bridge IO | 10.25% | 72% | ~$85K IO only | N/A (IO) | Wins on speed — refi at month 18 |
| Seller 6% | 6.0% | 60% LTV | ~$41K | 3.46x | Seller declined — bridge used |
Bridge at 72% LTV closes in 22 days. Operator completes a property improvement plan — pad resurfacing, Wi-Fi upgrade, marketing push — and refis to bank at 70% LTV / 7.0% when trailing occupancy holds 80%+ for 90 days. Refi playbook: RV park refinance.
IO carry math: $828K bridge at 10.25% IO ≈ $7,070/mo. Budget 18 months = ~$127K interest line item against projected NOI lift from 78% to 82%+ occupancy and $8–$12 ADR gain on transient pads.
Seasonality modeling — don’t get declined on DSCR
Lenders annualize trailing 12 months, not your best summer quarter. Mountain, desert, and northern parks with winter troughs fail bank screens when sponsors annualize June–August ADR alone.
| Month type | How to present |
|---|---|
| Peak (Jun–Aug) | Show ADR and occupancy — do not annualize alone |
| Shoulder (Apr–May, Sep–Oct) | Include in T-12 average |
| Winter trough (Nov–Mar) | Required — mountain and northern parks |
| Long-term seasonal sites | Separate revenue line from transient |
Present monthly P&L by revenue type in your lender package — permanent underwriters stress-test winter months against debt service. Before close, verify septic capacity, pad amp service, and flood-zone insurance quotes; CapEx surprises are the top reason bridge IO extends past month 24.
Common RV park financing mistakes
| Mistake | What goes wrong | Prevention |
|---|---|---|
| Annualizing peak summer ADR | Bank DSCR fails on T-12 | Model full 12 months including winter trough |
| Starting SBA on a 25-day listing | Lose deal to cash buyer | Bridge first — refi after stabilization (SBA vs bridge) |
| Skipping septic / electric capacity diligence | CapEx surprise kills refi timeline | Phase I + infrastructure inspection before close |
| Assuming CMBS rate on sub-$3M park | Minimum loan size blocks conduit | Community bank or bridge until scale |
| Refi bridge at 70% occ | Permanent lender wants 75%+ trailing | Hold bridge IO until occupancy holds 90+ days |
Jaken Finance Group bridge terms (RV parks)
| Parameter | Range |
|---|---|
| Rates | 8.99%–13.5% IO |
| LTV | 65%–80% |
| Term | 12–24 months |
| Close | 14–30 business days |
| Coverage | All 50 states |
Permanent hold exit: DSCR calculator at 5.75%–10.5% on stabilized rent — model investor tax and insurance in NOI, not seller utility bills.
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Bottom line
RV park loan rates in 2026 range from 6.5%–8% on stabilized bank debt to 8.99%–13.5% IO on bridge — the right program depends on occupancy today, your close deadline, and whether T-12 or projected NOI drives the file. Match lender to deal stage: bridge for speed and value-add, SBA or bank for stabilized owner-operator holds, seller finance when the seller will carry part of the note.
RV Park Loan Rates & Requirements (2026) — next step (2026)
Permanent 5.75%–10.5% DSCR sizes on executed lease rent with investor tax and insurance in NOI — not seller bills or STR pro forma. Outdoor hospitality files need T-12 seasonality and pad-level infrastructure diligence in the package at LOI.
Submit scenario · Pre-qualify · (833) 264-7776.
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access. All loans are subject to full underwriting for loan approvals. Jaken Finance Group only finances non-owner occupied investment properties.
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Jaken Finance Group, 2300 Barrington Road, Suite 400, Hoffman Estates, IL 60196