Mobile Home Park Programs

PartnShip Program

Investment Strategy

Sunrise Capital Investors specifically targets Core-Plus and Value-Add investments that preserve capital, create income, and generate equity over time through repositioning and increasing the net operating income. The Company acquires assets nationwide with particular focus on the eastern half of the United States. The Company’s target acquisitions consist of MHCs with a community size of 80 to 200 spaces (or larger), as well as parking parcels with more than 20 spaces

MHP Acquisition Criteria

Price: $1mm to $100mm (portfolios encouraged); we can pay aggressive cap rates for high quality deals
Size: Greater than 80 lots
Location: Nationwide; Eastern half of the US preferred
Exceptions: No communities in local jurisdictions with rent-control; no ‘one-employer’ towns
Utilities: Public utilities preferred, but will consider private utilities on a case-by-case basis
Unit Mix: Less than 50% Park-Owned Homes (rentals), but will consider rental communities on a case-by-case basis
Other: Must have paved roads (concrete or asphalt)
Add’l: Must have direct contact with owner or managing partner of community (no daisy chains)

Parking Acquisition Criteria

Price: No minimum or maximum threshold
Size: Greater than 25 spaces
Location: Nationwide; Central Business District or Heavily Trafficked Tourist destination
Type: Surface Parking Lot or Parking Garage (must be an existing income generating operation)
Other: Will consider commercial properties that have an income generating parking component
e.g. Office Building, Mixed-Use, etc

RV and Mobile Home Park Financing

Investors in mobile home parks, RV parks, and campgrounds often face challenges in sourcing the right financing for their unique investment strategies. At Solon Real Estate Partners, we work on your behalf to arrange customized loan options from the nation’s top lenders, giving you the confidence that you’ve selected the best financing solution to meet your long-term investment goals.

Since 2001, Solon Real Estate Partners has specialized in financing for RV and mobile home parks. Our team of experts brings extensive experience and proven results to every transaction. By leveraging our strong relationships with both regional and national lenders, we ensure you receive optimal loan terms and competitive rates, enabling you to achieve your investment objectives.

When you partner with Solon Real Estate Partners, you’ll save time, reduce costs, and streamline the financing process. Our dedicated team of financing professionals will work closely with you to structure the perfect loan for your unique needs.

Loan Program Highlights:

Loan Amounts: Minimum loan amount of $1,000,000 for purchase or refinancing.
Property Types: Loans available for Mobile Home Communities, RV Parks, and Campgrounds.
Recourse & Nonrecourse: Both recourse and nonrecourse loan options available.
Cash-Out Financing: Access equity in your property for reinvestment or business needs.
Value-Add Transactions: Financing options for value-add projects, including park improvements or expansion.
Park-Owned Homes & Rentals: Allowed as part of the financing structure.
No Upfront Broker Fees: We ensure transparency with no upfront broker fees.
Forward Advances: Options for funding additional units or park rehab to support growth and expansion.

Loan Program Information
Loan Limits	Starting at a minimum of $1,000,000
Rates	Competitive market pricing, with both fixed or floating rate options
Terms	5, 7, 10 years (up to 30 years with Fannie/Freddie)
Amortization	25 to 30 years
Prepayment	Multiple prepayment options, including no prepayment penalties
Recourse	Recourse and non-recourse options available (subject to standard carve-outs)
DSC	Minimum 1.25 DSC
LTV	Up to 80% LTV/LTC – 65-70% is more typical
Lender Types	Fannie, Freddie, Regional Banks, Credit Unions, CMBS, Bridge
Size	25 pad minimum (50 pad minimum for agency, Fannie Mae, and CMBS program)
Property Types	Industrial, warehouse, office showroom, office warehouses, multi-tenant or single-tenant, individual or multiple buildings, entire parks
Geographic areas	Available in most states across the U.S.

Why Choose Solon Real Estate Partners?

Specialized Expertise: Over 20 years of experience in financing RV and mobile home parks.
Nationwide Coverage: : Financing solutions available for parks across the United States.
Tailored Financing Solutions: Customized loan programs designed to meet your specific financial goals.
Strong Lending Relationships: Access to a network of trusted capital sources, including national and regional lenders.
Dedicated Support: Our in-house team of experts will guide you through every step of the financing process.