Mobile home park and RV park loan rates as of August 2026 are the bands Jaken Finance Group will quote from on qualified investor files — not a teaser from a broker page that expires when you send the T-12.
Bridge / hard money (MHP and RV): 8.99%–13.5% interest-only. Typical leverage 65%–75% LTV on a story we believe. Term commonly 12–24 months on bridge.
Permanent DSCR exit (when the asset qualifies): 5.75%–10.5%.
Those numbers match the same published box we use sitewide. When the bands change, the month in this title changes. Channel-by-channel comparisons — agency MHC, CMBS, community bank, SBA — are already written. Use mobile home park loan rates and requirements and RV park loan rates and requirements. This page is the live stamp and the Jaken Finance Group box.
National hubs: mobile home park financing · RV park and campground financing
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The live box — August 2026
| Item | Jaken Finance Group published box |
|---|---|
| Product | Business-purpose bridge on MHP / RV / campground |
| Rate | 8.99%–13.5% interest-only on the drawn or outstanding balance |
| Leverage | 65%–75% LTV typical; occupancy, utilities, and POH mix move the number |
| Term | 12–24 months common on bridge |
| Close | 7–10 business days on complete commercial files; construction-style work can run 10–14 |
| Credit | Reviewed; approval rides on the park, the NOI path, and the exit |
| Geography | All 50 states on complete packages |
| Exit | Community bank, agency MHC when the park qualifies, sale, or DSCR at 5.75%–10.5% |
This is not a 30-year agency quote. Fannie Mae’s manufactured housing community platform and Freddie’s MHC box exist for parks that already clear pad count, occupancy, and park-owned-home tests. Most parks that come to a private lender do not. Pricing them as if they did is how sponsors miss a contract.
Why the band is a band
A 40-pad TOH park at 92% occupancy on city water is not the same credit as a 22-pad POH park at 64% occupancy on a lagoon. Both can be financeable. They do not get the same rate.
What moves you toward the low end of 8.99%–13.5%
- High occupancy with a trailing 12-month rent roll that matches the bank statements
- Tenant-owned homes, low POH, municipal water and sewer
- A written exit — community-bank term sheet path or a realistic agency timeline
- Sponsor has closed a park or a similar commercial file
What moves you toward the high end
- Occupancy in the 60s with a fill plan that is still a plan
- Heavy POH and habitability reserve that eats NOI
- Well, septic, or lagoon with no recent tests
- Seasonal RV income modeled on July only
- Thin sponsor liquidity for a slipped closing or a well failure
We will not print a single “as of today” teaser that only exists for the cleanest file in the country. We will tell you where you sit in the band after we see the T-12.
How to read a park term sheet
Ask these questions before you celebrate a rate:
- Is the rate interest-only on outstanding principal? That is our published structure. A quoted rate that amortizes from day one is a different payment.
- What LTV is the rate tied to? A low rate at 55% LTV is not a gift if you need 70% to close.
- What is in the reserve? Interest, tax, insurance, and — on POH — habitability. A cheap rate with no reserve is a cash call in month four.
- What is the exit test? Occupancy, DSCR, and POH ratio the takeout lender will want. If nobody writes that down, you do not have an exit.
- What is the prepay or extension? Parks slip. Know the cost of month 13.
If a broker page shows “6.10% as of last Tuesday,” ask which channel, which pad count, and whether that file would accept your POH mix. Then read our comparison guides instead of arguing with a teaser.
POH mix and why it shows up in the rate
Park-owned homes raise gross rent and raise opex. Agency and many banks treat high POH as a disqualifier. We treat it as a modeling problem. The POH vs TOH underwriting article is the full fork. The rate implication is simple: more POH usually means more reserve, more capex, and a slower path to agency. That sits toward the wider part of the band, not the tightest quote.
A fill-and-convert plan can still be the right file. Price the habitability reserve in NOI before you ask for 75% LTV. The bridge-to-agency playbook is the roadmap after occupancy and POH improve. Small-balance parks that will never see agency still have a community-bank path — see MHP loans under $3 million.
Seasonal RV income — do not annualize July
RV parks and campgrounds throw off cash in a season and sit in the shoulder. A rate quote that annualizes peak-month site rent will not survive a T-12. We underwrite a trailing year, a weather year, and the mix of annuals vs transients.
Private utilities, river or coastal flood, and a short season all move leverage before they move the printed rate. The RV hub and the RV rates guide cover operations. This page only needs one rule: seasonal income is a year, not a weekend.
Refinance and cash-out on a stabilized park use the same published bands with a different story: MHP refinance and cash-out · RV park refinance.
Example: where a 36-pad file sits in the band
| Input | Figure |
|---|---|
| Pads | 36 |
| Occupancy | 71% in-place, 88% at the fill plan |
| POH | 14 homes (39%) |
| Utilities | Municipal water, lagoon sewer |
| Trailing NOI | $148,000 |
| Pro forma NOI after fill + POH reserve | $186,000 |
| Purchase | $1,150,000 |
| Requested leverage | 70% — $805,000 |
A clean TOH park at 90% occupancy might see the tighter part of 8.99%–13.5%. This file has a fill plan and a POH reserve. It is financeable on a story we believe. It is not a teaser-rate file. Interest-only on $805,000 at 11.0% is about $7,380 per month. That payment has to clear in-place NOI with a reserve, not only the pro forma.
If in-place NOI cannot carry interest plus a reserve, the file needs more cash, a lower leverage, or a seller structure. Seller financing on mobile home parks is sometimes the missing piece. It is not a way to hide a payment the park cannot make.
Size the loan before you argue the rate. Run pads × lot rent → vacancy → opex (higher for POH) → NOI → 65% / 70% / 75% LTV by hand, or use the MHP loan calculator.
What we will not do on rate
- Quote a consumer mortgage rate on a commercial park
- Match an agency teaser on a park that fails agency tests
- Lock a number before the T-12, rent roll, and utility map
- Finance owner-occupied manufactured homes as if they were a park
Single-home manufactured financing is a different product: DSCR loans for manufactured homes and mobile home fix and flip.
Bridge term vs permanent payment — two rates, one park
Sponsors compare a bridge quote to a 30-year agency quote and call the bridge expensive. That comparison is only useful if the park can use agency this month. Most cannot.
A cleaner comparison:
- What does the park cash-flow at the bridge payment? Interest-only inside 8.99%–13.5% on the loan you actually need.
- What will the park cash-flow at the takeout payment? Community-bank or DSCR at 5.75%–10.5% on a smaller or similar balance after occupancy improves.
- What does it cost to miss the contract while you chase a channel you cannot use?
The second number is why people still close the first loan. The bridge-to-agency playbook is the path between them. This page will not pretend the path is free.
RV resort ground-up vs an existing park
Ground-up RV or a big site-count expansion is a construction file: draws, inspections, and a seasonal lease-up. An existing park with a T-12 is a bridge or refinance file. Do not send a ground-up budget to a rate conversation that assumes in-place NOI. Start at the RV park financing guide for operations, then come back here for the published band.
SBA construction on outdoor hospitality exists. It is a different process and a different credit box. We are a private lender. If SBA is the right product, use an SBA shop. If you need speed and a seasonal story we can model, use the box above.
What “as of August 2026” is promising
The month stamp means the published bands on this page still match the bands we use on term sheets. It does not mean every file gets the low end. It does not mean a rate is locked without a T-12. If we change the published bands, we change the month. That is the freshness signal. It is not a teaser.
Illinois and DC hard-money rate reports on this site are residential investor products. They are not park quotes. Do not mix them.
Taxes, insurance, and why they move the quote
Parks are commercial. Insurance that names flood, lagoon, or a high POH count is not an SFR binder. A cheap quote that omits the lagoon is not a quote we will underwrite. Taxes on a park can reassess at sale. If the seller’s tax number is three years old, the DSCR on takeout is wrong before we talk rate.
We do not hide those lines inside “opex.” We want them on their own rows. A file that looks cheap at 9.5% IO and then adds a $2,000 monthly insurance surprise is not a cheap file.
Recourse, guarantees, and what the rate is not buying
The published band is interest. It is not a non-recourse agency structure. Most private park files are recourse or limited-recourse with a completion or carry guarantee. If you need true non-recourse on day one, you are usually in the agency or CMBS conversation — and you need a park those desks will take. Do not expect the low end of 8.99%–13.5% and a non-recourse carve-out on a 36-pad turnaround.
Package that gets a real number
- T-12 and current rent roll (lot rent vs home rent split)
- Pad map and occupancy by pad
- Utility map and recent tests if well/septic/lagoon
- POH schedule and habitability notes
- Purchase contract or refinance payoff
- Entity docs and a one-page exit (bank, agency, sale, DSCR)
Points, origination, and the all-in cost of a “low” rate are part of the same conversation. A file at 10.0% with two points is not automatically cheaper than a file at 11.0% with one point. Run the dollars for the months you will actually hold the loan. Parks that refi in month 14 care more about points than parks that will sit 24 months.
Submit a scenario · Get approved · (833) 264-7776
Rates as of August 2026. Rates, terms, and conditions apply only to qualified borrowers and may change without notice. Jaken Finance Group finances non-owner-occupied investment property only.