Video: Balance Sheet Lending for RV Parks & Manufactured Housing Communities
The manufactured housing community and RV park business (long considered recession resilient) is having a moment in the midst of economic uncertainty. Travel restrictions and a wealth of amenities have further thrust RV parks into the spotlight as an emerging getaway for those cut off from other vacation destinations.
Peter Margolin of Alliant Credit Union talks about trends for RV parks and mobile home communities, the pandemic’s impact on lending, plus recently closed deals. Learn all about the increasing interest in this property type and Alliants’ approach to structuring deals.
Register to watch this brief interview with REBusinessOnline and hear about demand and establishing value in this increasingly popular asset class.
Q&A sponsor: Alliant Credit Union is one of the nation’s largest credit unions with more than $12 billion in assets. Working in concert with mortgage bankers, Alliant as a balance sheet lender provides tailor-made solutions for commercial real estate borrowers by offering step-down yield maintenance with open periods, interest only periods and limited to non-recourse on qualified loans, longer term competitive fixed-rate pricing, stabilized to value-add structures, future earn outs and other flexible features that resonate with experienced property owners all as a par lender.
For stabilized to value-add debt structures, Alliant Credit Union should be top of mind. The company lends nationally and targets transactions between $5 million and $30 million, with a $14 million average deal size.
More Insight from Alliant Credit Union
Watch “Trends in Industrial and Flex Properties: Value and Lending” on demand to learn about the pandemic’s impact on industrial space and asset value assessment.
Watch “Lending & Multifamily Opportunities in the Midst of Change” on demand to hear what lenders value most in apartment assets.
Watch “Credit Union Structure Allows Alliant to Finance Deals and Look to the Future” on demand to hear more about balance sheet lenders, expectations for the future and flexibility.