MHP Loans in Texas
Mobile home park loans in Texas
Bridge financing for MHC acquisitions, value-add, and repositioning across Texas. Direct balance sheet lender with operator-level underwriting.
Market Snapshot
Texas MHP market
Key market indicators for manufactured housing communities in Texas.
Market Overview
Manufactured housing in Texas
Texas leads the nation in manufactured housing units shipped, with over 557,000 since 1994, and hosts more than 20 manufactured home production plants — more than any other state. The state's massive geographic footprint, strong population growth, no state income tax, and diversified economy across energy, technology, healthcare, and logistics create persistent demand for affordable housing that manufactured home communities serve.
The strongest MHP investment markets in Texas include the Dallas-Fort Worth metroplex, Houston, San Antonio, Austin, and the Rio Grande Valley. DFW and Houston alone account for a significant share of statewide transaction volume. Cap rates in major metros have compressed to 6.5-7.5%, while secondary and tertiary markets (Lubbock, Amarillo, Midland-Odessa, Waco) still offer 8%+ cap rates with meaningful value-add upside.
Texas is broadly considered one of the most landlord-friendly states in the country. There is no rent control, no state income tax, and the eviction process is among the fastest in the nation. These factors combined with strong population growth make Texas one of the top MHP investment markets nationally.
Why Texas
Why finance an MHP in Texas
What makes Texas a compelling market for manufactured housing community investment.
Largest MH market in the nation
Texas has received more manufactured housing shipments than any other state — over 557,000 units. The sheer scale of the market means more acquisition opportunities, more deal flow, and more exit options when you're ready to refinance or sell.
No state income tax
Texas's zero state income tax improves cash-on-cash returns for park owners compared to states with income tax. This tax advantage is a meaningful factor in underwriting and makes Texas parks attractive to investors nationwide.
Fastest-growing metros in the US
Dallas, Houston, Austin, and San Antonio consistently rank among the top US metros for population growth. This growth drives housing demand, supports occupancy, and creates a strong tailwind for lot rent increases in well-located parks.
Use Cases
What we finance
From straightforward park acquisitions to complex value-add repositioning with infill programs and infrastructure overhauls.
Park Acquisitions
Acquire manufactured housing communities that conventional lenders will not finance due to below-market operations, deferred maintenance, or park-owned home portfolios. We underwrite to the business plan, not just trailing income.
Value-Add Repositioning
Finance the acquisition and improvement of underperforming parks. Bridge capital covers the purchase while improvement holdbacks fund infrastructure upgrades, lot rent adjustments, and operational improvements.
Infrastructure Upgrades
Fund water and sewer system repairs, electrical upgrades, road improvements, and common area renovations. Draws released as work is completed and verified.
Lot Infill Programs
Finance the placement of new or used manufactured homes on vacant lots to increase occupancy and revenue. A vacant lot generating $0/month can produce $400-$600/month in lot rent once filled.
POH to TOH Conversion
Acquire parks with park-owned homes, then convert to tenant-owned over time. Bridge financing covers the initial acquisition including POH rental income in the underwrite, giving you runway to execute the conversion strategy.
Portfolio Consolidation
Combine multiple MHP acquisitions into a single bridge facility. One closing, one set of docs, streamlined execution for operators building a manufactured housing portfolio.
Deal Economics
How the numbers work
A representative value-add MHP acquisition showing how bridge financing enables the deal and creates equity.
Acquisition
Bridge Loan Structure
Stabilized (14 Months)
Representative example for illustrative purposes only. Actual deal economics vary based on market conditions, execution, and property specifics.
Regulations
Texas MHP regulations
Key regulatory considerations for mobile home park owners and investors in Texas.
Texas Property Code Chapter 94
Texas's Manufactured Home Community Act (Chapter 94) governs park operations. It is broadly landlord-friendly with no rent control provisions. Lot rent increases require 60 days written notice.
Eviction process
Texas has one of the fastest eviction processes in the nation. For non-payment, a 3-day notice to vacate is required, followed by a forcible detainer suit. Cases are typically resolved within 3-4 weeks.
No state income tax
Texas does not levy a state income tax on individuals or pass-through entities. Property taxes are higher than national average but are offset by the income tax savings for most park operators.
FAQ
Texas MHP lending FAQ
Yes. We finance MHP acquisitions statewide — from DFW and Houston to San Antonio, Austin, the Rio Grande Valley, and secondary markets like Lubbock, Waco, and Amarillo.
Texas MHP cap rates range from 6.5% to 8.5%. Major metros (DFW, Houston) trade at the lower end, while secondary markets and value-add opportunities can exceed 8%.
Texas is the largest MH market by units shipped, has no state income tax, landlord-friendly regulations, fast eviction processes, and strong population growth. It's consistently one of the top MHP investment markets nationally.
Lot rents range from $350 to $550 per month, with significant variation by market. Parks in DFW and Austin metros are at the higher end, while rural and West Texas markets are lower.
Yes. We structure improvement holdbacks directly into the bridge loan for infrastructure upgrades, lot preparation, home placement, and common area improvements.
We can close Texas MHP acquisitions in as fast as 72 hours from signed term sheet. Most deals close within 72 hours to 15 business days.
Yes. The RGV has significant MHP inventory and strong demand for affordable housing. We evaluate RGV deals based on local employment fundamentals, occupancy trends, and lot rent comparables.
Dallas-Fort Worth, Houston, San Antonio, and Austin are the primary markets. Strong secondary markets include Waco, Lubbock, Corpus Christi, and the Rio Grande Valley.
See Also