Mobile Home Parks Due Diligence Submission List

1.  12 Month Trailing Income & Expense Statement – Please include occupancy broken down by month

2.  2022 and 2023 Income & Expense Statement – Please include occupancy broken down by month.

3.  3 Year Proforma –  Please include occupancy broken down by mont

4.  Current Detailed Lease Abstract – Current rent roll (or other evidence of leasing status) showing for each tenant the following:

1. Tenant name
2. Suite number
3. Square footage of leased space
4. Current annual base rental rate
5. Expense payment provisions
6. Stated options or fixed renewals
7. Lease and occupancy commencement and expiration date
8. Any co-tenancy, go-dark, or termination provision
9. Number of vacant pads

5.  Borrower Information

1. Please include a brief description of the borrower, principal, and property manager, including real estate experience.
2. Corporate and personal current Financial Statement(s)
3. Personal Profile

6.  Sources and Uses of Funds Statement

7.  Brochure and Pictures of Property

8.  Capital Expenditures – Detailed since purchase and future projections

9.  Property Demographics

1. Year built and last year renovated
2. Breakdown of spaces
3. Total amount net rentable square footage
4. Site Plan and Area Map
5. Neighborhood Description
6. Competition Analysis