Looking for Lender - Mobile Home Community in Texas

Hello CREPIG friends. We're looking for a lender on a small MHC deal in Denison, TX. The acquisition price is $530K, and the park has at least a $72K NOI based on 2008 actuals and is on track for more this year. The park has 42 pads - 26 are occupied. The park is 90% park owned homes with little to no deferred maintenance. Roads are good, park is clean and neighborly.

We have the down stroke, but would obviously like to use as little cash as possible. We are looking for financing based on the strong cash flow of the property. We would be interested in a loan or private money.

Please call for further information. I look forward your direct or indirect help!

Thank you.
Tod

Tod Chapman
Partner
Brogan Enterprise
(214) 681-0055

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