I've been speaking with a potential seller of a small MHP with 6 slabs. He owns 4 mobiles and rents the other 2 slab only. The property is actually 3 seperate parcels which may be split 1 more time in the future. Will the fact that it is 3 parcels make it more difficult to obtain financing? Does anyone have any experience financing a deal like this? Should I look for commercial financing? Or 3 seperate residential loans? Price per unit seems to be in the ball park, although the market here (W. Mi.) is in the tank. Any suggestions or comments would be greatly appreciated.
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