Acquire, expand, or refinance RV parks, campgrounds and outdoor hospitality properties
RV parks sit somewhere between hospitality and manufactured housing, and they underwrite like both. Revenue is often highly seasonal, the mix between transient and annual guests changes the income profile substantially, and amenities carry more weight than in most property types.
The result is an asset class where the headline pad count tells you very little on its own.
A park with a four-month peak is underwritten on trailing twelve-month performance, not on peak-month run rate. What matters is how the property carries itself through the off-season, and whether annual sites or winter storage provide a revenue floor.
Annual and seasonal contracts produce predictable, contracted revenue. Nightly transient stays produce higher rates but far more volatility. A park's mix between the two tells you most of what you need to know about how stable its income is.
Full hookup sites with 50-amp service command materially higher nightly rates than partial or no-hookup sites. Total pad count without the class breakdown will either overstate or understate revenue potential, sometimes badly.
Proximity to a national park, lake, coastline or event venue usually drives occupancy far more than road frontage does. Underwriting considers what actually brings guests to that specific location and whether that draw is durable.
Program parameters shown are current as of publication and are subject to change. All financing is subject to credit approval, property and business review, and program availability. Commercial and business-purpose financing only.
Tell us about the property and what you are trying to do with it. A commercial lending specialist will review your scenario and come back with terms.
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