9h • Financing & Closing
Agency Financing
I am working towards refinancing several of my parks with agency financing hopefully by the end of this year or early next year. I want to ensure I'm setting myself up for a smooth experience. For those who have financed with agency, what are some things you wish you would have known before going that route? I understand my books needs to be very clean and well kept as well as the physical property. What about others things?
- Will they audit all of my leases to make sure I have one signed for each lot?
- How much time should I let pass after doing a rent increase before starting the process to ensure the appraisers value the additional revenue?
- How to agency lenders look at POHs? Will they need to see copies of all POH titles?
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Agency Financing
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