Park Brokerage is a direct loan correspondent with a large number of lenders across the country for manufactured housing communities and RV parks.
Most lenders are at "par" with Park Brokerage for loans of $1 Million+. Par means that the lender does not charge any loan costs or points when Park Brokerage originates a new loan with the lender. The lender recognizes Park Brokerage's skills in processing the loan through funding. The borrower will only have the one point loan cost to Park Brokerage plus the third party costs (appraisal, hazardous waste report, site inspections, etc).
A borrower has many advantages in using Park Brokerage's services to originate a new loan in addition to the low cost: 1) Lenders know that Park Brokerage has relationships with all the best manufactured housing community and RV park lenders, and that each lender will have an opportunity to make a proposal to finance the property. Lenders will make their very best quote to Park Brokerage to beat their competition, 2) Park Brokerage has relationships with all the service and industry pros to best facilitate your transaction (appraisers, attorneys, contractors), and 3) Park Brokerage has the experience and skills to smoothly process your transaction.