Fannie Mae and Freddie Mac offer non-recourse structures for qualifying properties. Many banks and credit unions typically require some level of recourse, though we have relationships with some banks that offer non-recourse structures.
We evaluate both recourse and non-recourse options based on the borrower’s objectives and the characteristics of the transaction.
Different lenders can vary materially in leverage, pricing, amortization, prepayment flexibility, recourse, interest-only periods, and their appetite for a particular property.
Our role is to identify the lenders best suited to the transaction, create competition, compare proposals across the terms that matter most to the borrower, and manage the process through closing.
Yes. Manufactured housing communities and RV parks frequently have characteristics that do not fit neatly within conventional multifamily lending programs. These can include park-owned homes, mixed MHC and RV occupancy, or a combination of long-term and transient RV spaces.
Because different lenders evaluate these characteristics differently, our process begins with understanding the property before determining which lenders to approach. A feature that is problematic for one lender may be acceptable to another, making lender selection particularly important for MHC and RV park financing.
Yes. We arrange Fannie Mae and Freddie Mac financing for qualifying manufactured housing communities throughout the United States.
Our Head of Lending, Kevin Thomsen, began his career in PGIM Real Estate Finance’s Agency lending group, where he worked on more than 100 transactions totaling over $1 billion and was part of a team with a particular emphasis on manufactured housing community financing. That experience provides us with a detailed understanding of Agency underwriting, eligibility requirements, loan structuring, and the issues that can arise during the financing process.
The lender universe for MHC and RV park financing includes Fannie Mae and Freddie Mac, regional and national banks, credit unions, life insurance companies, and other real estate lenders. However, lender appetite can vary significantly based on property location, size, quality, occupancy, utility structure, park-owned homes, RV tenancy, and other property characteristics.
We maintain relationships across multiple lender types and selectively approach the institutions whose current lending criteria are best aligned with the transaction.
We arrange financing for manufactured housing communities (MHCs), commonly referred to as mobile home parks, as well as RV parks and RV resorts.
Depending on the transaction, we evaluate financing from Fannie Mae and Freddie Mac, banks and credit unions, life insurance companies, and other institutional and regional lenders. Our focus is identifying the capital source that offers the strongest fit for each individual property rather than steering every transaction toward the same loan product.
Yes, Avine Real Estate assists owners and investors with financing for new acquisitions as well as refinancing existing properties.
Contact Avine Real Estate to discuss your property, financing needs, and objectives. Our team will help identify financing options that align with your transaction.
Avine Real Estate specialize in financing for Manufactured Housing Communities and RV parks.
