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Real Estate Financing Grand Forks ND

Local resource for real estate financing in Grand Forks, ND. 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.

First State Bank
(701) 746-7766
2500 32Nd Avenue South
Grand Forks, ND
Alerus Financial Na
(701) 795-3200
401Demers Ave
Grand Forks, ND
Area Community Credit Union
(701) 772-2690
Grand Forks, ND
Wells Fargo - Grand Forks Downtown
(701) 775-1660
33 S 3Rd St Ste E
Grand Forks, ND
Office Hours
Mon-Fri 09:00 AM-05:00 PM
Sat-Sun Closed

United Valley Bank
(701) 772-2033
200 1st Avenue North
Mortgage Brokers

Bremer Bank Na
(701) 772-5551
3100 S Columbia Rd
Grand Forks, ND
Economic Development Housing Auth
(218) 773-2371
610 2Nd Avenue Ne
East Grand Forks, MN
Wells Fargo Financial
(701) 251-9429
2400 8th Ave Sw Buffalo Mall Suite F5
Mortgage Brokers

Barrington Bank And Trust Co Na
(701) 738-0651
305 S 4Th St
Grand Forks, ND
Gate City Bank - Columbia Mall
(701) 746-0401
2850 24th Avenue South
Mortgage Brokers

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

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...

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