RV Park/Resort and Campground Financing Nationwide
SBA and Conventional loan programs
SBA loans offer 25 year fully amortizing loans and offer working capital and loan costs added to loan amount.
Short 3 year prepayment policy (1%,2%,3%)with 25% allowed to be prepaid in the first 3 years at no cost.
To quailfy park has to have 51% of income coming from other than monthly rentals. Laundry, Store, propane etc. plus space rentals less than a month period are all counted in the 51%.criteria.
45 to 60 day loan closings after all documentation is submitted.
Contact us for an accurate loan quotation and more information.