Looking for a short-term loan (24 months) of $100k to close on a 5 lot RV Park I currently have under contract!
There is a lot next door that could hold another 15-20 lots that I am in negotiations with the seller on also, but I need to close these 5 lots first. First position lien available and NO REHAB needed. It’s currently cash flowing and has 3 out of the 5 spaces occupied by long-term tenants that should more than cover the debt service.
I’m open to discussing interest rate return, but just need this to be an interest only loan throughout the 24 months with no prepayment penalty.
Let’s connect and make this deal happen!
This is also the only RV park in my town that has direct access to the Buttahatchee River, so it stays full!