Updated
Borrowers submit mobile home park and RV park deals through our commercial financing form. Brokers use the broker portal. These routes serve stabilized purchases, refinances, and turnaround requests. Share the transaction first; the lending team evaluates the financing options.
Borrowers: use the commercial financing form
If you are buying, own, or sponsor the park, open the commercial financing form and describe the property and requested financing. State whether the request is for a mobile home park, RV park, or mixed property.
Include the park address, purchase price or debt payoff, requested loan amount, total and operating sites, available equity, and target timing. Add current income and expenses if available. For a turnaround, explain the work needed, its budget, and how you expect to repay the loan. You can use the outline below to prepare your narrative.
If a broker is representing you, coordinate the request through that broker’s portal submission and identify the existing relationship in follow-up conversations.
Brokers: use the broker portal
Open the broker portal to present a client’s park request. Identify yourself and your firm, the borrower, and the property. Keep the transaction connected to your broker identity when adding information later.
The park financing guide for brokers includes a sample introduction, document stages, and links to the client-protection policy. Use the portal for broker registration and your broker workflow.
Prepare a clear park summary
You do not need to select bank, agency, SBA, or bridge financing to explain your deal. Tell us what is operating, what is changing, and the question you need answered. Label estimates and missing records so the review does not depend on assumptions.
Park deal summary
Submitting as: borrower / broker Submitting contact and company: Borrower / client name (if broker): Park address and state: Park type: mobile home / RV / mixed Purpose: purchase / refinance / improvements Purchase price or current debt payoff: Requested loan amount and available equity: Total sites and currently occupied / operating sites: Current annual income and expenses (or records available): MHP: tenant-owned / park-owned / vacant sites: RV: overnight / seasonal / longer-stay mix and operating months: Water and sewer: public / private / not yet confirmed Work needed, estimated budget, and repayment plan: Borrower operating experience: Target date and main question: Documents available now / still requested from seller:
Copy this outline into your request. Use “unknown” for details still being verified. Borrowers submit through the commercial form; brokers use the broker portal.
What information helps for each park type?
| Park type | Information to highlight |
|---|---|
| Mobile home park | Occupied and vacant sites; tenant-owned and park-owned homes; site rent and home rent; utility systems |
| RV park or campground | Operating months; overnight, seasonal, and longer-stay revenue; monthly income and expenses; hookups and amenities |
| Mixed park | Site uses and revenue separated by category; home or accommodation ownership; zoning/use and utility information |
| Turnaround | Actual current operations; work budget; funds available through completion; proposed repayment plan |
For a refinance, include existing debt, maturity, and intended use of additional proceeds. For a purchase, state the contract status and seller information still outstanding.
Help preparing your request
The questions below are preparation guidance, not extra application steps. You can use the submission buttons above whenever you have enough information to describe the transaction. A useful first request distinguishes what you know, what you estimate, and what you still need to verify.
What should I say about a purchase?
Start with the property and the proposed transaction. State the agreed or asking price, whether a contract has been signed, the expected closing date, and the amount you want to borrow. Explain how much cash you expect to contribute and whether any seller financing is being discussed. Keep proposed seller debt separate from your own cash so the funding plan is understandable.
Describe what is operating today. An advertised site count may include vacant pads, sites without usable connections, or proposed expansion land. Report those categories separately. If the seller says additional sites could be added, identify that as a future plan and describe the information available about approvals, utilities, and cost.
Then identify the records you have. A seller’s marketing package, a current rent roll, monthly operating statements, and bank records provide different kinds of support. You do not need to claim they agree if you have not reconciled them. Say which documents you have reviewed and list the material questions still open. This lets the discussion begin with the actual state of the purchase review.
What changes when I am refinancing?
For a refinance, the existing debt is a starting point. Include the lender, approximate balance, maturity, and any known prepayment charge or extension deadline. Explain whether a seller note, home loan, or other obligation is also secured by the property or assets. Use an estimated payoff if that is all you have, and label it as estimated.
Describe what the new financing should accomplish. Replacing a maturing loan, paying for remaining improvements, and distributing cash to ownership are different uses of proceeds. Break out the amounts instead of presenting one total called cash-out. The request can then be reviewed alongside the park’s current income, expenses, condition, and available borrower cash.
If the property has improved since purchase, summarize the changes with dates. Distinguish completed repairs and collected rent from work still planned and leases not yet producing income. An old appraisal or the price you expect after improvements can provide context, but neither establishes the financing available today. The refinance guides explain how to organize that discussion for mobile home parks and RV parks.
How do I explain missing documents or uncertain figures?
Use plain labels such as seller estimate, borrower estimate, current statement, or not yet confirmed. Identify the period covered by an income figure. Last year’s total, the most recent twelve months, and a projection for next year are not interchangeable. For seasonal operations, explain whether a partial period includes the busy season, the quiet season, or both.
If two records disagree, include the difference in your summary. For example, a site map may show more spaces than the current rent roll, or a marketing package may include revenue from homes that are being sold separately. Describe the discrepancy and who is being asked to clarify it. A visible question is easier to address than an unsupported total that appears settled.
Avoid delaying a clear introduction solely to make every line look complete. State the facts available, the documents requested, and the decision you need next. Additional review may require records, inspections, or third-party work. The team can discuss the next information needed after understanding the request; this guide does not promise that an incomplete file can receive terms or approval.
How should a broker and borrower coordinate?
Choose one submitting contact and make the relationship clear. For a broker-led request, the broker should use the portal and identify the client and park. If the borrower has already spoken with the lending team, mention that history. A separate direct application can create ambiguity about which request and contact should guide the conversation.
Keep the property address, borrower name, and financing purpose consistent in follow-up information. When the purchase price, requested amount, closing date, or project budget changes, explain the revision explicitly. Do not assume that forwarding a new spreadsheet makes the change apparent. A short note stating what changed and which figures replace the earlier version helps the next review use the intended information.
What happens after submission?
The team reviews the transaction and available records, then follows up about fit, missing information, and the next stage of review. A request is not a financing commitment. Loan terms, documents, and timing are determined for the property, borrower, and program.
Use the mobile home park checklist or RV park checklist to prepare for additional requests. You can also review MHP financing or RV park financing before submitting.