Financing Mobile Home Parks
Mobile home parks — formally manufactured housing communities (MHC) — have emerged as one of the highest-yielding niches in commercial real estate. The lender landscape is specialized but accessible if you know where to look.
Who Lends on MHP
Agency programs (Fannie Mae and Freddie Mac) actively lend on stabilized MHC. Conventional commercial banks lend on smaller and middle-market deals. Specialty MHC lenders and credit unions round out the market. Bridge financing is available for value-add and turnaround deals.
Park-Owned vs Tenant-Owned Homes
Lenders distinguish between communities where residents own their homes and rent the lot (preferred) and communities where the park owns the homes (treated as personal property rather than real estate). Park-owned home portfolios complicate financing and often reduce LTV.
Utility Infrastructure
Lenders scrutinize the condition of utility infrastructure — septic systems, water lines, electrical. Master-metered communities (where the park pays utilities and bills residents) have different operating economics than direct-metered parks.
Permitting and Zoning
Many older parks operate under grandfathered zoning. Lenders verify that the use is permitted and that any expansion plans are achievable under current zoning.
Educational content only — not advice. KQT Advisors, LLC is a commercial loan broker; we are not a lender, attorney, accountant, financial advisor, or fiduciary. We do not originate loans or make lending decisions. The information in this article is provided strictly for general informational and educational purposes and reflects our understanding at the time of writing. It is not — and must not be construed as — financial, tax, legal, accounting, investment, or any other professional advice, and creates no advisor-client relationship. Loan programs, rates, terms, eligibility requirements, fees, and approval criteria are set by individual lenders, the SBA, and other parties and are subject to change at any time without notice. Examples are illustrative only and not guarantees of outcome. Nothing here is a commitment to lend, an offer of credit, or a representation that any specific structure will be available to or appropriate for any borrower. Always consult your own qualified financial, tax, and legal advisors before acting on any information in this article. To the maximum extent permitted by law, KQT Advisors, LLC and its principals, employees, agents, and affiliates disclaim all liability for any direct, indirect, consequential, or incidental loss or damage arising out of any use of, reliance on, or inability to use the information in this article.