Resident Park Refinancing

Resident group Boards (and the members) always need to be aware of the future needs of their community.  One of the more important needs (for some parks) is the need to refinance their first mortgage. Groups have financed the purchase of their park with a variety of loans – from banks, from community development groups, … Read more

Tax Exempt Bonds for Mobilehome Park Purchases

I am occasionally asked, “Why can’t my resident group get tax-exempt bond financing to purchase our park?” Resident groups leaders are referring to the fact that commercial funding for resident groups trying to buy their park is hard to come by.  But so-called Non-Profit Corporations (NPC) can get local government sponsored tax-exempt bond money to … Read more

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