Park Owned Mobile Homes - Cash Cow or Financing Pitfall?
September 9, 2022
First and most important, the cellular home collateral is considered private belongings while it is located in a park. It has, historically, been a quickly depreciating asset. The fees related to lending in this kind of asset push many banks out of the market altogether. This leaves park-owners and private investors because the driving forces behind the cellular home apartment area as…