Hedge fund Farallon Capital Management is facing a restructuring of around $1.53 billion in debt it took on as part of its $1.8 billion leveraged buyout of Affordable Residential Communities, LLC. Included are around 260 mobile home parks in 23 states, with over 55,000 lots. Read more »
Tags: mobile home investment, mobile home park and US Recession, mobile home park business, mobile home park business operations, mobile home park evaluation, mobile home park industry, mobile home park investing, Mobile Home Park Loans
mobile home park, mobile home park business operations, mobile home park investing, mobile home park selling | Frank Rolfe | 
July 1, 2010 11:38 am | 
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In the Manufactured Home business we (manufacturers, community owners, retailers, lenders) have been too self-congratulatory on manufactured homes and communities. We all talk, talk, talk about what a great value our homes are – affordable, energy efficient, how well they stack up against apartments and site built homes. Same thing with the communities. There are so many benefits to community living, we say. Read more »
After spending years and a tremendous amount of money, the city of Pasco, Washington, won a victory. The court ruled that the city can regulate RVs in mobile home parks. But the ruling came a little late. “Legislation that the state enacted last year made the whole argument moot”, said Pasco City Manager Gary Crutchfield. Read more »
CARLSBAD, CA March 24, 2010 -Wells Fargo (NYSE:WFC) has released the Fourth Edition of its Manufactured Home Community Financing Handbook (attached hereto) created by Tony Petosa (tpetosa@wellsfargo.com) and Nick Bertino (nick.bertino@wellsfargo.com) of Wells Fargo’s Multifamily Capital office in Carlsbad, California. Read more »
Just about anybody who watches late night TV, or receives email, or reads, knows that there are hundreds of people promoting concepts to make money in single family homes. “Buy foreclosures”, “profit from short sales”, “wholesale houses” – there are at least 1,000 different concepts. Unfortunately, the only people who actually make money in many of these ideas are the promoters. There are so many people chasing after single-family homes to invest in that the market is beyond saturated, and any profitability has been extinguished. Read more »
Tags: mobile home park and US Recession, mobile home park business, mobile home park business operations, mobile home park evaluation, mobile home park industry, mobile home park investing, Mobile Home Park Loans, mobile home park opportunity, mobile home park tenants, mobile home vs. rv park
Uncategorized | Frank Rolfe | February 11, 2010 5:48 pm | Comments (3)
By popular request of our friends from Texas, Oklahoma, Louisiana, Arkansas and surrounding areas, we are taking the Boot Camp on the road to Dallas on April 30th to May 2nd.
If you have been waiting until the Boot Camp got closer to home to save on travel cost, here’s your opportunity. Read more »
Tags: mobile home investment, mobile home park and US Recession, mobile home park business, mobile home park investing, Mobile Home Park Loans, mobile home park opportunity, mobile home parks marketing, mobile home parks rules
mobile home advertising, mobile home park, mobile home park business operations, mobile home park investing, mobile home park news, mobile home park ratings, mobile home park selling | Dave Reynolds | 5:44 pm | Comments (0)
We all know how hard it is to find a lender in today’s economy for mobile homes and mobile home parks. This month’s contest will entail a search for all local, regional, and national lenders that will loan on mobile homes and/or mobile home parks. We will put together a list of all the submissions that we get and send a copy of this list to all those who send in at least one suggestion. Please send the lender’s company name, contact name, phone, and email to dave@mhps.com and I will put together the list.
Also, as part of the contest, we will draw one name at the end of February for a free copy of our Mobile Home Park Home Study Course.
