Listings
Gil Fisher, Mobile Home Loans, 562-673-1615
GilFisherLoans@verizon.net
For recent MHP Sales click on ACB Realty.
Apple Valley MHP For Sale – Click to download pdf information
(NO AGENTS – PRINCIPLES ONLY!) – ASSUMABLE LOAN AVAILABLE
the financing on Mountainview MHP in Apple Valley is as follows:
They have a $4.2 million loan with Union Bank taken out in 2007.
It is a 25 year fully amortized loan at 6.875%.
The payment is $28,215 monthly.
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PARK CONVERSION OPTION
Written by David Brauchler
“Another option for a potential purchaser is the subdivision of the park and sale of the lots to the residents. This may be an attractive option for the park residents, especially in an increasing rent environment.
Conversion and combination of the homes with the individual lots opens up conforming/conventional as well as FHA financing at much more attractive rates and terms. In a senior park the residents may be especially attracted by the use of Reverse Mortgages to eliminate both space rents and home/lot mortgages.
Residents who decided not to purchase would still pay space rent, but future home purchasers could be required to purchase the lot when they buy the home. The park owner would still control the park until the residents had purchased a substantial majority of the lots.
After the conversion the Apple Valley MHP would attract a different kind of buyer. The converted park listings would be attractive to buyers who are put off at the idea of paying space rent.
David Brauchler
Land Home Financial Services, Inc.
Office: 949-498-8719
dbrauchler@land-home.net
We all know the economy is depressed but it will rebound and it always does. Apple Valley will come back big. Another option for the empty spaces to get more income flow fast is to solicit the homes in high rent Senior Parks in Orange County to move to your park. Offer to pay moving costs and six months free rent (Every other month for one year).
Click here for manufactured home community parks & vacant lands that are for sale