General Loan Terms

 

Costa MHP Funding offers competitive and easy to use loans. We underwrite each deal based on a number of the park's characteristics. We understand the business, which makes our process quick and competitive. 

  • Origination Fee: 2%
  • Interest Rate: 8-12% (Both I/O and Amortized)
  • Loan Size: $200,000 to $5 M
  • Loan Term: 6-60 Months
  • LTV: Up to 80%, depending on geography, condition, number of park owned homes, and amenities
  • Time to Close: 14 Days
  • Geographic Areas: All states less CA, LA, MS, AL

*** Loan Terms may vary. Our goal is to develop a solution that works both for us and you. We also consider longer term debt at competitive interest rates in some situations.