Equal Housing Group is the principal in the transaction. None of us are licensed brokers. If your park meets our criteria, we will be the ones purchasing your park.
If you decide that you like our offer and we come to an agreement on price, the due diligence and closing period can take anywhere between 2 weeks with Seller Financing involved, up to 45 days, depending on how organized your financials are and the complexity of repairs needed on the park.
Once you submit our park information to us by clicking one of the buttons on this page, we will take your information and create an "estimated offer range" for your park. Then we'll get on the phone with you to get a bit deeper into the details of your park, and come to an "official" offer price. Once we land on a price that you're satisfied with, we will send you a Purchase and Sale document and begin the due diligence phase.
Yes, we are currently looking to purchase both mobile home and RV parks in the continental United States. We will also consider multi-family properties with 2 or more units, preferably 10+ units, as well as single family properties. If you have a multi-family or single-family property you'd like for us to consider, please reach out to us at the email or phone number listed under "Contact".
Yes! Absolutely. In fact, we prefer to purchase parks with some room for improvements, as we love adding value to the parks that we purchase.
From start to finish, the initial offer valuation process will take anywhere between 24 to 48 hours. If you like our initial range, we will send a Purchase and Sale agreement and begin the Due Diligence phase, which can take anywhere from 1 month to 3 months.
We always seek to offer a win-win price. We know that you have put your heart and soul into your mobile home park and we seek to offer you the highest dollar, given your parks condition and financials. Generally, we offer between a 4% - 7% Cap Rate for MHPs and a 7-12% Cap Rate for RV Parks.
Yes! Generally, we close our parks with seller financing or with a conventional financing via our pre-established commercial banking relationships. In addition, we have a number of hard-money lenders who we work with that are familiar with underwriting parks. We also close with all-cash or with money from private investors. It all depends on the situation of the park and what makes sense at the time.
We will buy mobile home or RV parks anywhere in the continental United States. Our preferred location is coastal regions with an MSA (metropolitan statistical area) of 100,000 or more.
There are a number of standard documents we will need from you in order to close. For a list of documents we will ask of you, click the link here.
Equal Housing Group
557 Roy St
Seattle, WA 98109