Manufactured Housing Community Let us help you with loan purchases, servicing, disposition, and more in Los Angeles!
Onyx Capital is a recognized leader in the financing of manufactured housing communities throughout LA, New York, and Seattle. Onyx Capital services more than $1 billion in loans secured by mhc’s. Onyx has strong relationships with life insurance companies, banks, and other institutional lenders. Onyx Capital's manufactured housing community loan portfolio includes senior and "all-age" manufactured housing communities that range from less than 100 to more than 900 home sites each. We have the ability to finance communities of varying quality across the country.
In addition to originating more than $10 billion dollars in manufactured housing loans since 1983, the principals at Onyx Capital are experienced owners of several manufactured housing communities. We understand the manufactured housing community business from both a landlord and lender viewpoint. In addition to loan origination, Onyx Capital has assisted manufactured housing clients with loan purchases, loan servicing, disposition and acquisition services, and equity recapitalization.
Our services in the Manufactured Housing Communities are:
- Debt placement
- Investment sales
- Equity placement
- Advisory services
Onyx Capital Corporation
Lending Program for Manufactured Housing Communities
Loan Amounts: $5,000,000 to $100,000,000
Loan Term: 5, 7 and 10 Years
Loan to Value: 75% Maximum
DCR: 1.25 or Greater
Amortization: 30 Years
Closing: Typically 60 days or less from
Security: Non-Recourse except for fraud, environmental, etc.
Property Type: 3-5 star manufactured housing communities throughout the United States