We certainly don't mind answering your questions, however, before you ever put down any money on a MH in a rent/lease park/community you will need to get accepted by the park management at which time they will disclose the space rent, utilities, all related fees and costs and disclose the rule and regulations. â€¨â€¨
There are some other things you need to know about purchasing a manufactured home as well. If it's a pre HUD, built before June 15, 1976 there could be some issues with caustic and carcinogenic chemicals i.e. formaldahyde, asbestos, etc.
Additionally, trying to obtain financing for a Pre HUD home is very difficult. â€¨â€¨You also need to have the home thoroughly inspected by an experienced Manufactured Home inspector and not just any home inspector. There are several nuances about manufactured homes that an inexperienced MH inspector doesn't even know to addresss. â€¨â€¨
Make sure they check the understructure (crawl space area) to see what kind of condition all the piers and pads are in and if the home is level. The also need to check for rips and tears in the vapor barrier (membrane seperating the ground from the floor and holding the insulation in place.
â€¨â€¨They also need to look for any signs of drainage issues i.e. standing water, soil erosion, gaping cracks in the soil, etc. Many parks/communities were built in flood plains and have an inherent problem with drainage issues which can lead to instability of the piers and pads and mold issues. â€¨â€¨
Make sure that the home has a Housing and Community Development Department (HCD) approved Earthquake Resistant Bracing System (ERBS) in place as that area is in a zone 4 seismic area and manufacture homes are extremely vulnerable to earthquakes.
â€¨â€¨If you have any other questions or concerns please do not hesitate to contact us. Even though we do not service your area we would be more than happy to help you at no cost. We have been in the manufactured home business for almost 30 years and are a licensed general and manufactured home contractor, manufactured home dealer and developer and a real estate broker.
While we do not service the Palm Desert/Palm Springs area in the sales of Manufactured Homes we do have a very predominant presence throughout the entire desert region and interface with lenders and RE professionals throughout the area with the lending process.
In order to secure the required Housing and Community Development Department (HCD) 433a documentation and foundation repair, retrofitting and installation requirements for a "Resident Owned Manufactured Home" you will be required to obtain an "Engineered Certification" We provide these services.
Presently I'm involved with the proposed development of a waterfront 5 star hotel & resort on the North shore of the Batiquitos Lagoon and directly across the street from Pontos, a very popular surf beach in Carlsbad, CA. The resort is approved and practically totally entitled and shovel ready for construction.Â
We were ready to move forward with the construction in 2007 and had a construction loan secured from Wells Fargo. But as you know that's when the economy went South and the rest is history. We now feel confident that the tables are finally turning and it's time to bring the project out of the mothballs.
Hilton is in the final stages of completing a hotel resort on the North shore of the Batiquitos Lagoon directly across from our location. directly across Coast Highway 101 The La Costa Resort is has been approved to build a 134 unit Condo Hotel right on the beach.
Additionally, all these resorts lie in the path of progress and are in the gateway of a very aggressive redevelopment campaign that has already started. This resort will be the only 5 star resort between Carlsbad and Del Mar on Coast Highway/on the beach.
Bottom line we are looking for a minimum of 7.5 millon and a maximum of 10m to build out the project including FF&E. As an added value this project has also been approved for a fractional ownership which will produce an additional income stream potential of betwen 25 and 40 million by the time all the fractions are sold.
Inasmuch as the hotel daily rack rate will be able to generate a profitable revenue stream on its own merit we don't have to take an aggressive posture in marketing the fractions. Once the construction as been completed we will need to secure a long term take out loan and relieve the construction loan.
If this sounds like it might be of any interest to you we will be happy to send you out a loan package with a performa and cash flow projections. Looking forward to hearing back from you.
John DL Arendsen
Cell: 760 815-6977