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Is your MHC debt maturing or are you currently upside down on your existing debt? We have developed a solution that is a win-win for all parties.
Many loans secured by MH communities that were originated by the conduit lenders are reaching maturity or are under-secured based on current market conditions. The void of traditional lenders has left many Borrowers with few, or no, refinance opportunities. We have been successful in acquiring many of these loans through the master servicer for a discount and recasting the loan to the Borrower at a well-supported debt level. The process typically requires minimal cash from the Borrower.
If this program might benefit you, please contact us.
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