MHC
With over a 30-year career, Onyx has a deep experience in refinancing for manufactured housing communities.
We provide capital sources to enable short, intermediate and long-term solutions to meet your refinancing needs such as immediate repairs and future renovations. Whether you are looking to refinance for preservation of existing affordable properties or property rehabilitation, we offer flexible competitive rates for commercial loans to build wealth and preserve your investments.
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 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.
