Investor Owned Manufactured Home Communities and RV Resorts

Over the past 20 years, CCGI has assisted owners of Manufactured Home Communities and RV Resorts with their financing needs. Our clients range from the sole proprietor who owns one or two communities to larger publicly owned companies. We have helped our clients with loans varying in size from $900,000 up to portfolio transactions in excess of $50,000,000.

Below is a general outline of our different Loan Programs. If you have a balloon payment, acquisition, or interest rate adjustment coming up in the next couple of years or you are considering refinancing your current loan for other reasons, we would welcome the opportunity to talk with you.

MHC Financing

Categories Fannie Mae/ Freddie Mac Life Companies Banks CMBS
Loan Amounts $1.0M+ $1.0M+ No min requirement $3.0M+
Interest Rates Quoted on a deal by deal basis
Rate Lock 1w before closing Upon Aceeptance of Application or Commitment Upon Aceeptance of Application or Commitment At Closing
Loan Terms Up to 15yr Fixed Up to 30yr Fixed Up to 10yr Fixed Up to 10yr Fixed
Amortization 15-30yrs 15-30yrs 15-25yrs 15-30yrs
Funding Timeline 75-120 Days 30-75 Days 30-45 Days 60-90 Days
Interest Only Yes On Low LTV No Yes
Recourse Non-Recourse Non-Recourse Recourse Non-Recourse
Forward Commitment N/A Up to 9 Months N/A N/A
Lender Fees $3,500 – 10,000 $3,500 – 10,000 0.50% of loan amount N/A
Assumptions Yes Yes No Yes
Future Advance Yes Select Loans Yes No
Prepayment Yield Maintenance (YM) or Defeasance Can be Flexible, YM is Normal Can be Flexible Defeasance
LTV 75-80% 75% 75-80% 75%