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?

Tune into our latest podcast episode to find out. Rates, spreads, indexes, and lender drama—this episode breaks it all down so you can stop guessing and start closing. In this episode, Michael and Ryan welcome back Judah Aderet, principal of Princeton Capital Group, for his third market update. Judah pulls back the curtain on where commercial lending stands right now—why the Fed cutting rates doesn't automatically mean your loan gets cheaper, which indexes actually move the needle, and why bridge debt is suddenly competitive with traditional bank financing. From treasury spreads to CMBS tightening to agency waivers, this is a masterclass in the debt side of the deal. Key Takeaways: 📉 Why Fed rate cuts don't always lower your commercial loan rate—and which indexes actually matter 🏦 How bank spreads over treasury are compressing, even as the 5-year treasury ticks up 🔀 Why bridge debt is suddenly neck-and-neck with traditional bank loans—and when it makes sense ⚖️ The critical difference between DSCR, amortization, and rate when comparing term sheets 🤝 Why your lender is your biggest partner—and how to vet them like one 📋 What agency waivers are available and how to manage Fannie and Freddie expectations 💡 How CMBS debt yields have tightened and what that means for cash-out refis You'll also hear: - How Prime-based lenders went from uncompetitive to winning deals as Prime dropped from 8.5% to 6.75% - Why Judah recommends asking lenders for client referrals—and what it means if they refuse - The real-world difference between master lease and seller financing when it's time to refi - How to shop 10 banks, pick a horse, and keep the others warm without burning bridges - Why a lower rate might actually deliver worse proceeds than a higher one - What happens when 21st Mortgage has homes financed in a park you're buying How quickly you can close after a rent increase with lenders (hint: faster than you think).

For the first time in history you can buy a house with Bitcoin without selling your Bitcoin. Repost from Facebook: This is a genuinely big deal and it just happened this morning. Fannie Mae, the government backed mortgage giant that backstops nearly 40% of all U.S. mortgages, is accepting crypto backed mortgages for the first time ever. Here's how it actually works. Coinbase and mortgage company Better Home & Finance have partnered to let homebuyers pledge Bitcoin or USDC as collateral for their down payment instead of selling it. You keep your crypto. You avoid the taxable event of selling it. And you still get a standard Fannie Mae conforming mortgage with the same protections as any traditional home loan. A few things worth knowing before you get too excited. The rates are higher. Expect to pay 0.5 to 1.5 percentage points above a standard 30 year mortgage depending on your borrower profile. So if standard rates are at 6.1% you could be looking at 6.6% to 7.6%. There are no margin calls. If Bitcoin drops in value your mortgage terms don't change and no additional collateral is required. You only face liquidation risk if you go 60 days delinquent on payments, same as a conventional mortgage. You still have to qualify. Credit score, income, and underwriting standards still apply. The crypto is supplemental collateral for the down payment, not a substitute for actually qualifying for the loan. Here's why this matters beyond the crypto world. Fannie Mae sets the standard that the entire mortgage industry follows. When they update their guidelines lenders across the country adapt. This isn't a niche fintech experiment. It's an institutional green light that could open homeownership to millions of younger Americans who are asset rich in crypto but cash poor for a down payment. Whether you think crypto belongs in the mortgage market or not, the line between digital wealth and traditional homeownership just got significantly blurrier.

@Judah Aderet Please confirm this: From our Financing Course @Eric Kubecka 3. Agency Lenders (Fannie Mae & Freddie Mac) (Best for Large, Stabilized Parks with Strong Financials) ✅ Pros: ✔️ Non-Recourse Loans – No personal guarantee required. ✔️ Longest Loan Terms – 10+ years with 30-year amortization. ✔️ Lowest Interest Rates – Often 1-2% lower than bank loans. ✔️ Interest-Only Periods – Some loans offer 2-5 years of interest-only payments, improving cash flow. ❌ Cons: 🚫 Strict Property Requirements – Must be at least 80% occupied. 🚫 Limits on POHs – Cannot exceed 35% park-owned homes. 🚫 Intensive Documentation – Requires detailed trailing 12-month financials, rent rolls, and collections reports. 🚫 Prepayment Penalties – Yield maintenance or defeasance makes early payoff expensive. 🚫 Replacement Reserves ($250-500 / home annually required) 💡 Best for: - High-quality (4-star+) parks in strong markets - Larger deals ($1.5M+ loan minimums) - Investors looking for long-term, fixed-rate financing with no personal guarantee

Anyone have recs on florida banks for financing? or florida adjacent that will finance in fl?