Refinancing · The MHP Pros Mastermind

Refinancing

I am looking at a small park (10 lots) where 5 lots are RV spaces and 5 lots are park owned mobile homes. I'm talking to the owner about seller financing with a low down payment (~90% LTV) and likely 5-7 years before a balloon payment.

My question is if I will have a very difficult time refinancing out of this when the time comes because from what I understand, bank lenders only count lot rent and since it's a 50/50 mixed use park between RVs and MHs, they may exclude the RV income entirely. Is this true?

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