MHC
With over a 30-year career, Onyx has proven to be a leader in the financing of commercial real estate.
We have deep expertise in finding solutions for:
Onyx Capital is a top manufactured home lender known for flexible financing, competitive pricing, certainty and efficiency. Let us help you with the whole process of acquiring Mobile Housing Communities, from Manufactured Community Debt Lending to Property Management. As a start we will provide you with flexible and cost-effective financing that best meets your needs from among Fannie Mae and Freddie Mac to Off Balance Sheet, Portfolio, Conduit, CMBS, Life Co and Credit Union programs. Whether you are looking for financing for acquisition/ purchase or refinance, we have various lending relationships that provide us exceptional access to all of the above programs.
Commercial real estate financing always has its nuances but when dealing in an alternative space such as MHC, you want a seasoned professional with a track record of getting deals done like Onyx Capital. After closing more than $5 billion in commercial loan, our experienced professionals and MHC specialists understand all facets of MHC financing. You can count on our knowledge and expertise. We are always one step ahead.
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.
Onyx Capital Corporation Lending Program for Manufactured Housing Communities
Loan Amount:
$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:
Typical 60 days or less from application
Security:
Non-Recourse expect for fraut, environmental, etc.
Property Type:
3-5 star manufactured housing communities throuhgout the United States
Loan Amounts:
Loan Term:
Loan to Value:
DCR:
Amortization:
Closing
Security:
$5,000,000 to $100,000,000
5, 7 and 10 Years
75% Maximum
1.25 or Greater
30 Years
Typical 60 days or less from application
Non-Recourse expect for fraut, environmental, etc.
