WELLS FARGO RELEASES FOURTH EDITION OF ITS MANUFACTURED HOME COMMUNITY FINANCING HANDBOOK
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.
The latest edition of the financing handbook features a preface by the authors discussing the current state of the commercial real estate financing market and future prospects. Also included is an expanded section on Fannie Mae financing for manufactured home communities.
Wells Fargo provides Fannie Mae and portfolio loan programs for manufactured home communities (”MHC”) nationwide. Since 2000, Wells Fargo Bank has originated in excess of $4.3 billion in financing within the MHC sector. Wells Fargo was named Community Lender of the Year, three years in a row, by the Manufactured Housing Institute; and since 2000, has been #1 in total loan volume origination according to George Allen’s annual National Registry of Land-Lease Community Lenders.
Click Here to Download the Report
For more information, contact:
Tony Petosa
(760) 438-2153
Senior Vice President
tpetosa@wellsfargo.com
Nick Bertino
Vice President
(760) 438-2692
nick.bertino@wellsfargo.com
Tags: Manufactured Home Loan, mobile home park and US Recession, mobile home park business, mobile home park evaluation, mobile home park investing, Mobile Home Park Loans
mobile home park news | Frank Rolfe | 
March 26, 2010 11:16 am
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By Guy Hall, April 19, 2010 @ 6:03 pm
I was pleased to read the article regarding Wells Fargo’s commitmnet to MHC financing but who is financing the homes within these communities. I know all the Major Lenders and it is near impossible to get a loan………..