Mobile Home Park Investors with Jefferson Lilly & Brad Johnson
About This Show
The Mobile Home Park Investors Podcast is the world’s first podcast dedicated to mobile home park investing. This weekly podcast explains the intricacies of this unique real estate niche and details why an investor would want to own a mobile home park, either directly or through a real estate fund. Current manufactured housing community owners will find this podcast helpful in improving their mobile home park’s operations and profitability.
The Podcast is hosted by Jefferson Lilly and Brad Johnson who are the co-founders of Park Street Partners, a private real estate investment firm focused on mobile home parks. The company seeks to deliver its investors superior cash flow returns by acquiring and investing in undervalued mobile home parks. Park Street Partners does this while helping to solve America’s affordable housing crisis by improving communities and increasing the supply of housing in the markets it operates in.
Most Recent Episode
EP046: 'In The Weeds' With CMBS Financing
5 days ago
Welcome to episode 46 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Jefferson and Brad explain everything you need to know about Commercial Mortgage-Backed Securities (CMBS), and when it’s the right time to get one. Is CMBS financing right for you? Get a crash course on it in this week’s episode! Key Takeaways: [2:20] How does CMBS work? [7:05] Most commercial mortgage brokers deal with CMBS loans. [8:15] If your mobile home park’s purchase price is just above $2 million, that’s when you’ll be getting a bit of CMBS attention. [12:40] Who ends up owning this debt? Individual investors or institutions? [14:15] You definitely want to go with a mortgage broker that has experience with CMBS and mobile home parks. If not, the process might be tougher for you to acquire the loan. [16:30] Another thing, be sure to have your lawyers present when applying for CMBS financing. [20:40] Try to keep your entity structure as simple as possible. [22:35] What does the ‘springing lockbox’ term mean in this context? [25:15] Brad gives some advice about finding the right lawyer. Mentioned in This Episode: Park Street Partners Mobile Home Park Investors Investment Opportunities Park Street Partners Business Resources LinkedIn: Mobile Home Park Investors Group Send deals to: firstname.lastname@example.org