MHP Loans in Virginia
Mobile home park loans in Virginia
Bridge financing for MHC acquisitions across Virginia.
Market Snapshot
Virginia MHP market
Key market indicators for manufactured housing communities in Virginia.
Market Overview
Manufactured housing in Virginia
Virginia's MHP market benefits from the northern Virginia spillover effect — as DC metro housing costs rise, demand for affordable housing pushes into communities throughout central and western Virginia. Hampton Roads (Norfolk, Virginia Beach) provides a defense-driven employment base. The I-81 corridor and Shenandoah Valley offer secondary markets with strong affordability demand.
Virginia has over 600 manufactured housing communities with lot rents ranging from $300-$500 depending on proximity to major employment centers.
Why Virginia
Why finance an MHP in Virginia
What makes Virginia a compelling market for manufactured housing community investment.
DC metro spillover
Northern Virginia housing costs push workforce housing demand into manufactured home communities throughout central Virginia.
Defense employment base
Hampton Roads is home to the world's largest naval base and multiple military installations, providing stable employment that supports MHP occupancy.
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
Virginia MHP regulations
Key regulatory considerations for mobile home park owners and investors in Virginia.
Virginia Manufactured Home Lot Rental Act
Virginia has specific protections for manufactured home lot tenants including 90-day rent increase notice and a right of first refusal on park sales in certain circumstances.
Rent increase notice
Virginia requires 90 days written notice for lot rent increases, among the longer notice periods in the Southeast.
FAQ
Virginia MHP lending FAQ
Yes. Northern Virginia, Hampton Roads, Richmond, Roanoke, and Shenandoah Valley.
7% to 9%, with NoVA-adjacent parks at the lower end.
$300 to $500, higher near DC metro.
Virginia requires 90 days notice for rent increases and has some tenant protections regarding park sales.
As fast as 72 hours from signed term sheet.
See Also