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Real Estate Financing Biddeford ME

Local resource for real estate financing in Biddeford, ME. Includes detailed information on local businesses that provide access to real estate investment, monetary resources, immovable properties, rental income, as well as advice and content on personal and commercial properties.

Ocean Communities Federal Credit Union
(207) 284-5918
1 Pool Street
Biddeford, ME
 
Kennebunk Savings Bank
(207) 985-4903
104 Main St
Kennebunk, ME
 
Residential Mortgage Svcs Inc
(207) 775-6105
24 Christopher Toppi Dr
South Portland, ME
 
Downeast Mortgage Corporation
(207) 773-6161
261 Gorham Road
South Portland, ME
 
Alpine Mortgage Corporation
(207) 775-7717
1478 Broadway
South Portland, ME
 
Saco Valley Credit Union
(207) 282-6169
312 Main Street
Saco, ME
 
Allied Home Mortgage Capital Corporation
(207) 885-5070
360 Us Route 1 Ste 300
Scarborough, ME
 
Wells Fargo Bank Na
(207) 772-4701
400 Southborough Dr
South Portland, ME
 
First Horizon Home Loan Corporation
(207) 756-6055
21 Donald B Dean Dr
South Portland, ME
 
First Financial Mortgage Corporation
(207) 775-4200
2320 Congress St Ste B
Portland, ME
 

The Guide to Financing and Refinancing your Mobile Home Park



The Guide to Financing and Refinancing your Mobile Home Park
Wed 09/24/08 09:48:47 am
MobileHomeParkStore.com

If you assume that one of the keys to maximizing your return in real estate is leverage, then correctly financing your mobile home park is a key driver to maximum profitability. There are only two options when financing your mobile home park. The first is having the seller carry the note on the park. That is not covered here but in our other articles and materials, such as our CD's on “How To Buy A Mobile Home Park”. The other option is to borrow the money to buy the mobile home park through a bank or other lender. That is what this guide is a primer on. Probably 75% of all mobile home park acquisitions require bank lending as opposed to seller carry, so you will definitely be having to get a loan for a mobile home park at some time in your career. Getting the right loan is essential to making a success of your mobile home park purchase. We have probably over 50 successful applications and loan closings on commercial loans under our belts. With that much experience, you would think that we know everything about the process. However, with constant changes in the marketplace, such as the current lending crisis, the market is always changing. As a result, what we have outlined in this primer is the basic, essential knowledge, but you will still have to fine-tune it to meet your circumstances and the market conditions. Matching your loan req...

Click here to read the rest of the article from mobilehome.com


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