Lending Guide

Mobile Home Park & Manufactured Housing Community Financing

Name: Riverside Park Capital
Address: New York, NY, US
Price range: $500,000 – $10,000,000

Riverside Park Capital finances mobile home parks (MHC) and manufactured housing communities from $500,000 to $10,000,000 across the Top 200 U.S. MSAs. We lend up to 75% LTV on acquisition, refinance, and cash-out refinance — with no dollar cap on cash-out proceeds when supported by appraisal and in-place NOI.

$500,000 – $10,000,000

Mobile Home Parks / MHC

Eligible Asset Types

Mobile Home Parks
Manufactured Housing Communities (MHC)
Tenant-Owned Home (TOH) parks
Park-Owned Home (POH) communities — limited
55+ / Age-Restricted MHC

Mobile Home Park Loan Parameters

As of Q2 2026

Up to 75% LTV
Unlimited cash-out
Min DSCR 1.20

Program	Max LTV	Cash-Out	Min DSCR	Term
Permanent (stabilized MHC)	75%	Unlimited	1.20	5–10 yr
Cash-Out Refinance	75%	Unlimited	1.20	5–10 yr
Bridge / Value-Add	70%	Unlimited	Interest-only acceptable	12–36 mo
Acquisition	75%	n/a	1.20	5–10 yr

• Unlimited cash-out means no fixed dollar cap; proceeds are constrained only by 75% LTV and supportable DSCR.
• City water and sewer is preferred. Parks on private utilities require third-party engineering and reserves.

Source: Riverside Park Capital (Q2 2026) — https://www.riversidepark.capital/mobile-home-park-financing. Data may be cited or embedded with attribution.

Underwriting Guidelines

Maximum LTV: 75% (acquisition, refinance, and cash-out refinance)
Unlimited cash-out — no dollar cap when 75% LTV and DSCR are supported
Minimum DSCR: 1.20 on stabilized permanent debt
Minimum occupancy: 80% sustained for 12 months (lower considered case-by-case for value-add)
City water and city sewer preferred; private utilities considered with engineering review
Park-owned-home (POH) ratio capped at 25% of pad count for permanent financing
Term: 5–10 years permanent; 12–36 months bridge
Property must operate in a Top 200 U.S. MSA

Who This Is For

MHC operators consolidating ownership or refinancing seller financing
Sponsors pulling cash out of stabilized parks for portfolio expansion
Buyers of single parks and small MHC portfolios
Operators executing infill, sub-metering, and rent normalization business plans

Who This Is Not For

Parks in rural or sub–100,000-population markets (outside Top 200 MSAs)
Parks with majority park-owned homes on permanent debt
Parks with unresolved environmental, septic, or well issues
Loans below $500,000

Frequently Asked Questions

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Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.

Loan Parameters

Minimum$500,000

Maximum$10,000,000

Not eligible: owner-occupied residential, loans below $500K

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Commercial real estate and investor property loans from $500,000 to $10,000,000.

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