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I am looking for a loan for a RV Park that me and my wife will run and operate. What kind of loan would you be able to do with 0

by Brian Stewart from Pleasanton, Texas. Jan 22nd 2014 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There are not any programs which would allow you to purchase a commercial property with no money down.. at the absolute minimum, you would need 30% down, but being that RV parks are not a desirable or stable property type, you would most likely be required to put 40% to 50% down.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 22nd 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

That property would be a commercial loan. If you mean 0 downpayment, I doubt you will find that from any outside lending source for a commercial loan. You could ask the seller if they would consider -seller financing, or possibly a short term (maybe 1-2 years) land contract (also sometimes called "contract for deed") - check with an experienced local real estate attorney about options under state law, with a plan to refinance it relatively soon. Make sure you find a lender who would allow refinancing that type financing and what their requirements woudl be, prior to setting it up.

Jan 22nd 2014
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Yes I meant 0 downpayment, just ran out of room. The seller does offer seller financing but with 60% down and I never thought about a land contract. Another RV park I was interested in the seller said he would be willing to carry a down payment of 20% on a private note if I can get bank financing for the rest.

Jan 22nd 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Commercial loans are entirely different from residential mortgages, I kind of doubt any bank would agree to 20% downpayment as a 2nd mortgage from the seller but it isn't my area of expertise - good luck!

Jan 22nd 2014
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