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Financing for Leased site manufactured is back
July 9th, 2014 6:47 PM
I had spent my early years appraising for Robert Williams who recently passed away. His niche in the market was the manufactured homes in Southwest Florida which are in parks both with leased sites and owned sites. Centerstate Bank had contacted me to see if I knew anyone who could do the lease parks. I informed them of my past experience and they have been ordering appraisals for loans. I was not aware of Banks doing lease parks for some time. I am very happy to see Centerstate stepping out there after so many years. 10 years ago Bank of America and First Union Bank were his primary customers for these type parks. For those in leased parks this is good news that the financing is returning. I always enjoyed this type of appraisal and look forward to doing many in the future. Way to go Centerstate. There are only a few residential appraisers who have experience with lease site parks. I was very fortunate to spend 4 years with Bob who gave me his park folders upon retirement back in 2003.

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Posted by Billie Newell on July 9th, 2014 6:47 PMPost a Comment

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