 |
There are many factors to consider when refinancing your park. We have a successful track record of negotiating the best rates, terms and conditions for park owners. By having MHRV Advisors as the single point of contact you can reduce the amount of time, hassle and confusion while increasing your chances of obtaining the best loan.
For the time being interest rates remain low with fixed and variable rates ranging from 5% to 7%. Some of the reasons to consider refinancing are:
- Increasing your cash flow with a lower rate and/or lower loan amount.
- Pulling out cash to apply to the park, other investments and/or interests.
- Lower or fix your rate replacing higher interest rate loans or loans coming due.
- Reset or change your loan term to a new 25 to 30 year note.
- Replace multiple loans, interest only or short term seller financing.
- Prepayment penalties can be offset by current rates and terms.
Please contact MHRV Advisors for a no cost consultation to see if a new loan would benefit your MH or RV Park investment.
|
|
