I am looking for a lender that will lend on Recreational Vehicle Lots. I need to find someone who is willing to offer several different loan options as well as reasonable rates. The properties are very "high end" and have many luxury amenities. The lots also have small "casitas" on them. The borrowers are very credit worthy (680+ FICO). If you need further information please let me know. I have an appraisal and preliminary title report. Please advise. blink.gif
Hello LaJolla
I'm guessing this is located in CA. I know the area quite well, and for this type of project it is very desireable if in fact you're in CA especially La Jolla.
It sounds like the project has been up and running by your description... How old is the project? Can you give some stats,Loan Amt, GROSS and NET inc.? What type of security is in place regarding this facility--cameras off/on site, guard, Wall or Wired Gate? Are there Washing Facilities for the Vehicles? Are the recreational vehicles in enclosed garages or just in parking spots?
Fill us in on the details and we can be of more help...
Look forward to your response