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Nonprofit owned park in California 501 (c) (3) Affordable Housing Corporations (NFPs) are beginning to recognize that manufactured/mobile home parks are an important affordable housing resource. It is estimated that there are over 50,000 parks in the US with approximately 6,000,000 housing units. It is also estimated that under 300 parks are owned by non profit affordable housing corporations. PMC specializes in providing assistance to NFPs to evaluate projects for financing and, should a project appear viable, arranging appropriate financing for the project. PMC Financial Services specializes in arranging FHA manufactured/mobile home park project financing. The FHA program provides a long-term, fixed rate, fully amortizing first mortgage loan for up to 90% of the value of the project. The FHA support can also be used as credit enhancement for "AAA" tax exempt bond financing. For additional information, click on "FHA Financing" at the left. PMC Financial can arrange conduit financing for a manufactured/mobile home park project. For additional information, click on "Conduit Financing" at the left. There are a number of additional sources of financing to assist in the acquisition of manufactured/mobile home park projects. For additional information, click on "State & Local Funding" at the left. A number of non-profits are providing services to resident groups seeking to purchase the community in which the residents live. For additional information, click on "Resident Projects" at the left. PMC has been involved in a number of NFP projects. Click on "NFP Projects" at the left to review the details of several.
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Contact PMC Financial Services2365 Skyfarm Drive, Hillsborough, California 94010-6341---Phone: 650-375-8043---Fax: 650-375-8132---Email: Dsarg7344@aol.com
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