An RV park sits between hospitality and multifamily and is underwritten as a blend of the two. A park full of annual tenants behaves like a housing community; one full of overnight stays behaves like a motel with far thinner margins and real seasonality.
What the file turns on
The split between annual, monthly and nightly sites, full-hookup versus partial, the condition of water, sewer and electrical infrastructure, and the occupancy pattern across a full year rather than a peak month.
Where deals fail
Aging septic or well systems that cannot support the site count, a pro-forma built on peak-season nights, and amenities counted as revenue that no one actually pays for.
Mobile home communities
Park-owned homes and tenant-owned homes finance differently — park-owned units are depreciating personal property, not real estate, and lenders separate them.
Our minimum loan is $200,000. We are a direct commercial lender working across the 43 states we serve, in business since 1998. We do not publish a rate for this product because the number depends on the file — call and we will quote the deal in front of us.
Commercial lending · Investment property financing · Hard money loans · All loan types · All property types