Unlike typical listings this one was a more selective process by a Judge of the
Superior court of San Bernardino County that selected and appointed MHRV Advisors as a court appointed “Selling Referee” vs. a Listing. There were many criteria involved with the judge’s decision to select MHRV Advisors a the mobile home park broker selling referee but first and for most was the companies intimate experience and history with Mobile Home Parks For Sale not only in throughout California as well as the states of Arizona and Nevada. MHRV Advisors is nationally recognized as leading mobile home park brokers and RV park brokers.
Another compelling quality is that MHRV Advisors is one few active sales brokers that also actively engage in mobile home park loans and RV park loans. In this particular case there is a $910,000 existing loan under favorable terms and conditions. However, at the time of marketing the number of mobile home park lenders had been greatly reduced by economic factors affecting the banking industry in general and of the remaining lenders few are actively lending on any commercial real estate. This situation had little to do with the viability of this park or the mobile home park industry, rather it is due to bank failures and the credit crunch of 2009. Given this the current lender had increased the requirements to assume the park loan to what many consider the strictest in recent history. As park loan brokers MHRV Advisors has a unique perspective with the change in market conditions to increase the possibility of the loan assumption for this park.
Only a specialist in Mobile Home Parks can tap into market of potential buyers and present the opportunity in a comprehensive manner to the potential investor and navigation through the loan assumption process. This park is above average quality and considered to by a typical, stable mobile home park investment with higher returns and less management than apartments or other commercial real estate of similar size and quality.
